Management by Objectives (MBO) is a strategic approach to enhance the performance of an organization.

Steps in the management by objectives process:

1. Goal definition:

  - What do I want to achieve, within how long?

2. Involvement of the team:

  - Which resources can/will I count on?

3. Assignment of roles and objectives:

  - What contribution do I expect from everyone?

4. Measurement in progress:

  - Where are we? - corrective actions

5. Final verification of results

  - Goal achieved?

Agile is an iterative approach to project management (originated in the software development industry) that focuses on flexibility, communication and segmentation.

There are many different application methodologies of the agile philosophy (Scrum is the most popular), each of it is unique in its specific approach. But they all share a common vision and a set of core values:

• Four essential values of the agile methodology:

• Five essential attributes:

This allows for a more continuous way of setting and reaching goals as well as being more efficient in responding to change if needs be.

OKRs are the ideal approach for companies working with agile methodologies

• An agile goal is a "higher purpose," which transcends the goals of all stakeholders. It is a goal for the entire system, not a goal just for the Product Owner, or the manager, or the CEO, or the shareholders;

• Agile goals are not required to conform to a whole range of criteria, like specific, measurable, etc. A goal depends on its context. Sometimes it should be inspiring, sometimes it should be measurable;

• An agile goal should not be connected to rewards or incentives. Extrinsic motivation distorts the system and causes non-linear consequences, which often defeat the purpose of the goal itself. Instead a goal should address people’s intrinsic desires