The podcast for strategists and the strategy execution community
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episode 6: S5E6: OKRs in Strategy & Product Development - with Frank Radeke from neoverv
“The beauty of OKRs is that they engage right away the people who are responsible for executing the strategy. This outcome thinking - which is the main theme of OKRs - is very powerful. Basically, when we do work on our client’s strategy, we convince them to use OKRs as a strategy implementation tool” - Frank Radeke
In today’s episode “OKRs in Strategy and Product Development” we talk about how every company became a technology company and why an outcome-based strategy - flexible and adaptive - is the right way to go. We contrast that with the “old way” of doing strategy - setting 5 year plans - and how to build “strategic thinking” into a capability inside your organization. We also touch on how startups use OKRs but also how corporate innovation departments can use them - and Frank shares the data from a recent study they did at neoverv, where an alarmingly-low rate - only 10% of respondents, believe they are actually achieving their targets, despite 81% confirming that they do understand the company’s strategy. Finally, we discuss how OKRs are what brings strategy execution to life, in weekly discussions, and how they provide the critical link between company and product vision, priorities and daily work.
Frank is Managing Director at neoverv. At neoverv we enable organizations to become innovation and sustainability leaders through technology. Neoverv designs and accelerates digital technology strategies, builds and scales digital products, and boosts teams for agile scalability.
Facts about Frank:
Background in business information systems (MSc. / PhD)
15 years within technology strategy and transformation consulting
8 years at Capgemini Invent as lead of IT strategy practice in DACH
Since 2020 managing director at neoverv
Where to find Frank Radeke:
neoverv
Where to find Johannes:
Resources mentioned on the show:
Agile Product Management - Roman Pichler
Measure what Matters - John Doerr
neoverv - Our Agile Organization Playbook
neoverv - Our OKR-Playbook
This Podcast is a product by Workpath.