Legendary venture capitalist John Doerr reveals how the goal-setting system of Objectives and Key Results (OKRs) has helped tech giants from Intel to Google achieve explosive growth--and how it can help any organization thrive.
In the fall of 1999, John Doerr met with the founders of a start-up whom he'd just given $12.5 million, the biggest investment of his career. Larry Page and Sergey Brin had amazing technology, entrepreneurial energy, and sky-high ambitions, but no real business plan. For Google to change the world (or even to survive), Page and Brin had to learn how to make tough choices on priorities while keeping their team on track. They'd have to know when to pull the plug on losing propositions, to fail fast. And they needed timely, relevant data to track their progress -- to measure what mattered.
Doerr taught them about a proven approach to operating excellence: Objectives and Key Results. He had first discovered OKRs in the 1970s as an engineer at Intel, where the legendary Andy Grove ("the greatest manager of his or any era") drove the best-run company Doerr had ever seen. Later, as a venture capitalist, Doerr shared Grove's brainchild with more than fifty companies. Wherever the process was faithfully practiced, it worked.
In this goal-setting system, objectives define what we seek to achieve; key results are how those top-priority goals will be attained with specific, measurable actions within a set time frame. Everyone's goals, from entry level to CEO, are transparent to the entire organization.
The benefits are profound. OKRs surface an organization's most important work. They focus effort and foster coordination. They keep employees on track. They link objectives across silos to unify and strengthen the entire company. Along the way, OKRs enhance workplace satisfaction and boost retention.
In Measure What Matters, Doerr shares a broad range of first-person, behind-the-scenes case studies, with narrators including Bono and Bill Gates, to demonstrate the focus, agility, and explosive growth that OKRs have spurred at so many great organizations. This book will help a new generation of leaders capture the same magic.
Read by John Doerr, William Davidow, Brett Kopf, Jini Kim, Mike Lee, Atticus Tysen, Patti Stonesifer, Susan Wojcicki, Cristos Goodrow, Julia Collins, Alex Garden, Joseph Suzuki, Andrew Cole, Bono, and others
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"Outstanding book on goal setting, a highly undervalved trait and skill."
— Jay (5 out of 5 stars)
“In this indispensable book, the most important venture capitalist of our era reveals a key to business innovation and success. This crisp and colorful book combines fascinating case studies with insightful personal stories to show how OKRs can add magic to organizations of any size.”
— Walter Isaacson, #1 New York Times bestselling author“Measure What Matters shows how any organization or team can aim high, move fast, and excel.”
— Sheryl Sandberg, Facebook COO and New York Times bestselling authorI’d recommend John’s book for anyone interested in becoming a better manager.
— Bill GatesWhether you're a seasoned CEO or a first-time entrepreneur, you'll find valuable lessons, tools, and inspiration in the pages of Measure What Matters. I'm glad John invested the time to share these ideas with the world.
— Reid Hoffman, cofounder of LinkedIn and author of The Start-up of YouMeasure What Matters deserves to be fully embraced by every person responsible for performance, in any walk of life. John Doerr makes Andy Grove a mentor to us all. If every team, leader, and individual applied OKRs with rigor and imagination, all sectors of society could see an exponential increase in productivity and innovation.
— Jim Collins, author of Good to GreatJohn Doerr has taught a generation of entrepreneurs and philanthropists that execution is everything. Measure What Matters shows how any organization or team can aim high, move fast, and excel.
— Sheryl Sandberg, Facebook COO and founder of LeanIn.org and OptionB.orgIn this indispensable book, the most important venture capitalist of our era reveals a key to business innovation and success. This crisp and colorful book combines fascinating case studies with insightful personal stories to show how OKRs can add magic to organizations of any size.
— Walter Isaacson, author of Steve Jobs and Leonardo da VinciI’m a big believer in John Doerr’s simple yet effective OKR system—I’ve seen it work firsthand! I encourage every business leader to read Measure What Matters in order to learn some real and practical secrets for success.
— Anne Wojcicki, founder and CEO of 23andMeJohn Doerr has been the source of management magic for many of the most iconic companies in Silicon Valley that went on to change the world. Measure What Matters is a must read for anyone motivated to improve their organization.
— Former Vice President Al GoreMeasure What Matters takes you behind the scenes for the creation of Intel’s powerful OKR system—one of Andy Grove’s finest legacies.
— Gordon Moore, cofounder of IntelMeasure What Matters will transform your approach to setting goals for yourself and your organization. John Doerr pushes every leader to think deeply about creating a focused, purpose-driven business environment.
— Mellody Hobson, president of Ariel InvestmentsJohn Doerr is a Silicon Valley legend. He explains how transparently setting objectives and defining key results can align organizations and motivate high performance.
— Jonathan Levin, dean of Stanford Graduate School of BusinessMeasure What Matters is a gift to every leader or entrepreneur who wants a more transparent, accountable, and effective team. It encourages the kind of big, bold bets that can transform an organization.
— John Chambers, executive chairman of CiscoIn addition to being a terrific personal history of tech in Silicon Valley, Measure What Matters is an essential handbook for both small and large organizations; the methods described will definitely drive great execution.
— Diane Greene, CEO of Google CloudJohn Doerr is the chair of venture-capital firm Kleiner Perkins Caufield & Byers, which he joined in 1980. He has invested in some of the world’s most successful entrepreneurs and companies, including Amazon, Google, Intuit, Netscape, and Twitter. Through his investments, he has helped create over 425,000 jobs.
Senator Mike Lee was elected to the US Senate from Utah in 2010 and is currently the Senate’s youngest member. A lawyer, life-long student of the Constitution, and former law clerk to US Supreme Court Justice Samuel Alito, he currently serves on the Senate Judiciary Committee, Foreign Relations Committee, Energy and Natural Resources Committee, and the Joint Economic Committee. Senator Lee and his wife, Sharon, have three children and live in Alpine, Utah.
William Davidow was Intel’s senior vice president of marketing and sales, where he is credited with inventing modern high-tech marketing. He cofounded the venture capital firm Mohr Davidow in 1985. He is the author of three books and the coauthor of two, including The Virtual Corporation, which sold more than 100,000 copies.