OKR is a framework for defining and tracking business objectives and their outcomes. Objectives are the destination that organizations want to achieve and key results are metrics with a starting value and a target value that measures progress towards an objective. Key results should describe how you will accomplish the objective and measure whether you are on track, behind, or at risk of not accomplishing an objective.
Before setting your OKRs, company vision, mission and values must be revised. Generally, OKRs must be set quarterly. For the right engagement of employees, weekly check-ins will be a good OKR practice. OKRs mut not be used for employee performance but rather than can be used to motivate them to achieve stretched goals. Generally, firstly company OKRs are set. After that, OKRs can be shared with the other members of the organization. Departments can determine their own OKRs. These OKRs can be strictly aligned with company OKRs or may indirectly support company OKRs.