54 min listen
Want to Optimize Your OKR Implementation? Check Out These Best Practices. | Markus Müller, Co-Founder at Stealth Startup
Want to Optimize Your OKR Implementation? Check Out These Best Practices. | Markus Müller, Co-Founder at Stealth Startup
ratings:
Length:
51 minutes
Released:
Aug 23, 2022
Format:
Podcast episode
Description
Key Things Discussed
Product development strategy and implementation in a fluid, multi-national company with distributed teams and competing priorities.
A framework for grouping outward- and inward-facing teams into “tribes” dealing with consumer experience, field operations and digital platform development.
OKRs in the strategy-to-product pipeline context, including managing backlogs, the role of data and building out effective systems for discovery.
How to prioritize stakeholder meetings to pinpoint progress, ensure transparency and make room for necessary adjustments to the product roadmap.
The Top Four pitfalls companies fall prey to in the implementation of OKRs.
Show Notes
[00:02:51] Markus shares an overview of his career, which encompasses entrepreneurial efforts, product management, coaching/consulting with startups in various stages of development.
[00:03:52] About the juncture at which Markus entered the mobility space in 2018, joining a very small team at Circ, one of more than a dozen nascent kick scooter companies competing at that time for market share in Europe and beyond.
[00:05:52] When people think of kick scooters, they’re imagining micro-mobility. But Markus’s focus was on creating the optimal customer experience based on a triad of mutually critical elements: hardware, software and operations.
[00:08:01] Markus explains how Circ grew and scaled product, design and engineering teams over the course of 18 months, growing from zero to 80 team members while building out the well-oiled machine that ultimately was acquired.
[00:09:17] The company was divided into “tribes,” which included:
Consumer Facing: Product marketing, customer experience, service and retention, partner and data integration.
Field operations and fleet management functions such as warehousing and repairs.
Technology and development of the horizontal platform itself.
[00:13:17] The wild ride that was Circ’s product strategy – often lacking cohesion and rife with internal jockeying and contradictions.
[00:14:36] Instituting OKRs early in the process enabled Markus to work closely with his CTO and oversee his tribes effectively, efficiently with clear communication and processes with measurable quarterly results and making staffing, operational and other adjustments accordingly.
[00:16:51] Markus summarizes the Circ organizational strategy and how OKRs were deployed to quantify progress along the way.
[00:18:01] From Strategy to Product Pipeline: Do OKRs define the roadmap or vice versa? In the case of Circ, Markus was all about establishing objectives first. Once outcomes are well-defined, the roadmap (and roadmaps within roadmaps) can be broken down, morphing organically and incrementally quarter over quarter.
[00:20:56] Managing unwieldy backlogs is a high priority for Markus, who very intentionally separates the engineering from the consumer/product pipelines with new projects and implementations placed in a category of their own.
[00:22:16] How Markus keeps his team’s focused and engaged with new ideas, problems and opportunities in a way that is productive and always advancing:
A quick weekly opportunity assessment.
PMs take ownership of discrete initiatives.
Regular discovery to understand the nature of requests.
[00:24:05] Three key questions that PMs should ask when assessing opportunities:
What is (or do I believe will be) the impact on our objectives?
What will the expected effort deliver that impact?
What is the expected confidence?
[00:26:45] Jenny summarizes the goals of Markus’s carefully delineated discovery process, including helping teams to prioritize, focus and gauge workload capacities.
[00:27:31] Markus believes discovery is most effective when it’s explicit, time-boxed and data-based to drive up confidence levels and depth of understanding/problem-solving.
[00:30:12] How hard metrics and other qualitative data inform discovery and map back to objectives – a process that is driven by regular, high-level meetings
Product development strategy and implementation in a fluid, multi-national company with distributed teams and competing priorities.
A framework for grouping outward- and inward-facing teams into “tribes” dealing with consumer experience, field operations and digital platform development.
OKRs in the strategy-to-product pipeline context, including managing backlogs, the role of data and building out effective systems for discovery.
How to prioritize stakeholder meetings to pinpoint progress, ensure transparency and make room for necessary adjustments to the product roadmap.
The Top Four pitfalls companies fall prey to in the implementation of OKRs.
Show Notes
[00:02:51] Markus shares an overview of his career, which encompasses entrepreneurial efforts, product management, coaching/consulting with startups in various stages of development.
[00:03:52] About the juncture at which Markus entered the mobility space in 2018, joining a very small team at Circ, one of more than a dozen nascent kick scooter companies competing at that time for market share in Europe and beyond.
[00:05:52] When people think of kick scooters, they’re imagining micro-mobility. But Markus’s focus was on creating the optimal customer experience based on a triad of mutually critical elements: hardware, software and operations.
[00:08:01] Markus explains how Circ grew and scaled product, design and engineering teams over the course of 18 months, growing from zero to 80 team members while building out the well-oiled machine that ultimately was acquired.
[00:09:17] The company was divided into “tribes,” which included:
Consumer Facing: Product marketing, customer experience, service and retention, partner and data integration.
Field operations and fleet management functions such as warehousing and repairs.
Technology and development of the horizontal platform itself.
[00:13:17] The wild ride that was Circ’s product strategy – often lacking cohesion and rife with internal jockeying and contradictions.
[00:14:36] Instituting OKRs early in the process enabled Markus to work closely with his CTO and oversee his tribes effectively, efficiently with clear communication and processes with measurable quarterly results and making staffing, operational and other adjustments accordingly.
[00:16:51] Markus summarizes the Circ organizational strategy and how OKRs were deployed to quantify progress along the way.
[00:18:01] From Strategy to Product Pipeline: Do OKRs define the roadmap or vice versa? In the case of Circ, Markus was all about establishing objectives first. Once outcomes are well-defined, the roadmap (and roadmaps within roadmaps) can be broken down, morphing organically and incrementally quarter over quarter.
[00:20:56] Managing unwieldy backlogs is a high priority for Markus, who very intentionally separates the engineering from the consumer/product pipelines with new projects and implementations placed in a category of their own.
[00:22:16] How Markus keeps his team’s focused and engaged with new ideas, problems and opportunities in a way that is productive and always advancing:
A quick weekly opportunity assessment.
PMs take ownership of discrete initiatives.
Regular discovery to understand the nature of requests.
[00:24:05] Three key questions that PMs should ask when assessing opportunities:
What is (or do I believe will be) the impact on our objectives?
What will the expected effort deliver that impact?
What is the expected confidence?
[00:26:45] Jenny summarizes the goals of Markus’s carefully delineated discovery process, including helping teams to prioritize, focus and gauge workload capacities.
[00:27:31] Markus believes discovery is most effective when it’s explicit, time-boxed and data-based to drive up confidence levels and depth of understanding/problem-solving.
[00:30:12] How hard metrics and other qualitative data inform discovery and map back to objectives – a process that is driven by regular, high-level meetings
Released:
Aug 23, 2022
Format:
Podcast episode
Titles in the series (84)
Fast-tracking an OKR program into existence in 3 weeks | Adam Bonifant, VP of Customer Success at ORock Technologies & Tim Meinhardt, CEO of Atruity: In this episode, Jenny Herald interviews Adam Bonifant, VP of Customer Success at ORock Technologies, and Tim Meinhardt, CEO of Atruity. We'll discuss the ins-and-outs of fast-tracking an OKR program into existence. ORock Technologies was able to get OKRs by Dreams with Deadlines