“Key Performance Indicators (KPIs), Key Result Indicator (KRIs) and Objectives and Key Results (OKRs)” A New Key Incorporated Results (KIRs) Approach

Abstract

In today's business world, it is essential to have clear and concise ways of measuring the success of an organization. Key Performance Indicators (KPI), Key Results Indicators and OKR are three popular metrics that can help organizations track their progress over time. These measures can be extremely useful for setting goals and measuring the results of an initiative. However, it is important to keep in mind that none of these methods is perfect and can be misleading at times. With that being said, it is important to understand how and when to use each method in order to get the most out of them. Key Performance Indicators (KPIs) are quantifiable measures that gauge a company's performance against a set of targets, objectives, or industry. Key Results Indicators (KRIs) measure the actions and events leading to a result. while Objectives and Key Results (OKRs) are used to measure progress towards goals. Key Incorporated Results (KIRs) are a combination of KPIs, KRIs, and OKRs that provide an overall view of performance. In this research, the researcher has developed main components for applying Key Incorporated Results (KIRs) properly which consists of (Process Auditing- Strategic Alignments analysis- Agile Concept- P3M3 model). Keywords: Key Performance Indicators (KPIs)- Key Result Indicators (KRIs) Objectives and Key Results (OKRs)- Key Incorporated Results (KIRs) DOI: 10.7176/IKM/13-2-01 Publication date: February 28 th 2023