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Exploring the Connection Between Business Agility and OKRs in Private Equity | Yuval Yeret, Enterprise Agility Consultant at AgileSparks North America

Exploring the Connection Between Business Agility and OKRs in Private Equity | Yuval Yeret, Enterprise Agility Consultant at AgileSparks North America

FromDreams with Deadlines


Exploring the Connection Between Business Agility and OKRs in Private Equity | Yuval Yeret, Enterprise Agility Consultant at AgileSparks North America

FromDreams with Deadlines

ratings:
Length:
54 minutes
Released:
Jan 10, 2023
Format:
Podcast episode

Description

Key things discussed
The connection between business agility and OKRs in private equity
The role of OKRs in alignment and focus within an organization
The principles shared by various frameworks such as OKRs, Scrum, and SAFe
The importance of understanding and implementing frameworks effectively
The benefits of dynamic team organization and shuffling based on OKRs
The value of discussing outcomes rather than specifying outputs and having conversations about OKRs
The dangers of chasing the next shiny thing without fully understanding and implementing it
The connection between agile principles and OKR success
The role of transparency, collaboration, and psychological safety in creating a successful environment for progress and continuous improvement
The challenges and opportunities in improving work environments and creating meaningful progress in organizations.
Show Notes
[03:04] Yuval walks us through his background in IT and product development and begins using agile practices in his work. After moving to the US in 2015, he started consulting and coaching different types of organizations and began incorporating OKRs into his work with agile processes and helping organizations improve their use of OKRs.
[04:33] Yuval walks us through his experience in private equity
The role of OKRs and business agility in private equity
The investment hypothesis
How to apply agility to the process of finding the right way to reshape your go-to-market strategy


[09:03] Yuval dives deep on when OKRs are not applicable
[11:03] Yuval shares his insights and examples of best applications of OKRsOKRs are an alignment framework

[12:43] A look at how Prezi, a presentation software, and their OKR-friendly way of managing the work in their organization
[14:47] A look at the different frameworks (OKR, Scrum, SAFe)
[16:03] The pitfalls of not getting the value or understanding the different frameworksHow organizations struggle to get value out of OKRs

[19:41] High-level overview of Ron Jeffries and Scrum
One of the three founders of the Extreme Programming software development and The Agile Manifesto

Ron Jeffries’ article: “We Tried Baseball and It Didn't Work”



[20:35] What makes Scrum great?
A relatively simple and lightweight framework that's really laser focused on achieving empiricism
The structure of Scrum and how it can be used to develop the business
How to create a rhythm of making progress in an environmental uncertainty with Scrum


[28:06] Scrum became popular and spread quickly
Many people using Scrum did not fully understand the principles and applied it with traditional project management approaches
These people saw Scrum as a template rather than a continuous improvement process
This led to the development of "Scrum Theater" or "Zombie Scrum" where people were just going through the motions of Scrum without fully understanding and implementing its principles
When an approach becomes too popular, the knowledge about it becomes thinned out and there are more people who are just following it because it is popular, leading to more haters of the approach


[33:31] Yuval discusses how OKRs should be used for goal alignment and focus on outcomes, in conjunction with evidence-based management. He stresses the importance of empiricism and empowering teams to achieve outcomes.
[37:06] Yuval is discussing the concept of empowerment in agile processes and how it leads to better solutions and motivated employees. He emphasizes the importance of providing teams with the necessary knowledge and expertise and allowing them the autonomy to come up with and execute experiments within certain constraints. He also discusses the role of frequent feedback and access to leadership in empowering teams.
[42:06] Jenny and Yuval are discussing how empowering teams to achieve a specific goal can lead to innovative solutions and improved business performance.
The importance of empowering teams to achieve goals and the motivation and effectiveness of empowered t
Released:
Jan 10, 2023
Format:
Podcast episode

Titles in the series (84)

These are real stories of trials and victories in business. We'll talk about aligning teams and organizations around a common purpose, the ups-and-downs of goal management using Objectives and Key Results (OKRs), and everything in-between.