OKRs for product managers

Kevin Lee
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Kevin Lee
Kevin Lee
Kevin Lee
Kevin is a Co-Founder of ProductHQ. He has worked as a VC at Pear Ventures where he invested in and partnered with…
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OKRs—objectives and key results—help me connect product strategy to a small set of measurable outcomes. An objective describes the change we want to create. Key results describe evidence that would show whether the change happened. The framework is useful when it improves focus and learning; it is harmful when it becomes a quarterly list of tasks or a performance theater exercise.

I use OKRs to clarify the problem the team is solving, the outcome that matters, and the tradeoffs we are willing to make. They do not replace a product strategy, roadmap, delivery plan, or conversation about capacity. They provide a shared layer between strategy and execution.

Start with the strategy

I do not begin an OKR cycle by asking every team to write goals in isolation. I first make the strategic context visible. What customer or business problem matters now? Which segment is in scope? What constraint or opportunity changes our choices? What will we deliberately not prioritize?

A good objective is a meaningful direction, not a disguised project name. “Improve the first-time experience for small teams” gives the team a reason to investigate and choose. “Launch onboarding redesign” describes an output before we know whether it is the right answer. The objective should be understandable without a planning deck and specific enough to guide tradeoffs.

I usually keep the number of objectives small. The right count depends on the organization, but a crowded list is a warning sign. If everything is important, the OKR has not created focus.

Write outcome-based key results

A key result should describe a measurable change in customer behavior, experience, quality, or business health. I define the baseline, target, time period, population, data source, and owner. “Increase successful activation among new self-serve accounts from the current baseline to a defined target this quarter” is stronger than “improve activation.”

I ask whether the result could improve without the planned feature and whether the feature could ship without improving the result. Those questions separate outcomes from outputs. A launch, migration, research study, or reliability project may be an important initiative, but it is not automatically a key result.

Some results are not naturally expressed as a single percentage. I can use a distribution, a quality threshold, a completion measure, a time-to-value measure, or a carefully defined count. Precision should serve understanding, not create false confidence.

Connect key results to a product plan

Once the outcome is clear, I create a small set of hypotheses and initiatives that might move it. I make the connection explicit: this initiative addresses this customer problem, which should influence this part of the result, and we will look for this evidence. The link is a hypothesis, not a promise.

This keeps the roadmap flexible. If discovery shows that the planned solution will not affect the result, the team can change the initiative while preserving the objective. If an unplanned reliability issue becomes the biggest threat to the outcome, the plan can adapt without treating adaptation as failure.

I include discovery, measurement, design, engineering, enablement, and operational work where they are necessary to learn or deliver the outcome. A key result should not pressure the team to omit foundational work just because it is less visible.

Make ownership and review clear

Every objective needs a directly responsible person who coordinates the work and keeps the definition healthy. That person does not personally control every result. Product, design, engineering, data, marketing, sales, support, and leadership may all contribute.

At the start of the cycle, I run a definition review. We inspect the population, baseline, exclusions, data quality, and risks of gaming. During the cycle, I use short check-ins to surface learning and blockers rather than asking for status theater. At the end, I review the result, what changed, what we learned, and what we will do next.

I separate confidence from performance. A result that misses because the team tested a risky hypothesis can still produce valuable learning. A result that hits because the definition was weak should not be treated as a success. I want an honest account of evidence and decisions.

Use guardrails and counter-metrics

Improving one measure can damage another. If an activation goal encourages rushed setup, I may watch support contacts, early retention, quality errors, or customer sentiment. If a revenue objective creates discounting that attracts poor-fit customers, I inspect retention and economics. If a speed goal increases defects, reliability and incident measures belong in the conversation.

Guardrails do not mean every metric becomes an OKR. They mean the team knows which harms would change the decision. I keep the set small enough to review and clear enough to act on.

Common OKR mistakes

The most common mistake is turning a backlog into OKRs. Another is setting key results that a team can fully control through activity while ignoring whether customers received value. I also watch for copied objectives with different definitions, targets chosen without a baseline, too many key results, and a cycle that ends with a grade but no decision.

I avoid using OKRs as a rigid individual compensation formula. When people believe a miss will be punished regardless of what was learned, they sandbag targets and hide uncertainty. Accountability matters, but it should include the quality of the problem framing, evidence, collaboration, and adaptation.

A practical PM workflow

I begin by writing a one-paragraph strategy context and an objective in plain language. I then draft candidate results from the customer outcome backward, define each one, and ask data and engineering to challenge its measurement. Next I map possible initiatives and the assumptions behind them. I publish the smallest version that is understandable and reviewable.

Halfway through, I ask: What evidence changed our view? Is the result still the right measure? Which initiative should stop, start, or change? At the close, I record the result and the decision it informs. The next cycle should inherit learning, not just a new set of targets.

Used this way, OKRs give product teams a disciplined way to connect intent, evidence, and action without pretending that the future is fully predictable.

Next step

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Kevin Lee
Kevin Lee
Kevin is a Co-Founder of ProductHQ. He has worked as a VC at Pear Ventures where he invested in and partnered with early-stage founders on product & growth to help them build the foundations of category-defining companies. He has worked as a Product Manager at AltSchool (backed by Andreessen Horowitz, Founders Fund, First Round Capital, Mark Zuckerberg, John Doerr and other exceptional investors). Previously, he was a Senior Product Manager at Kabam (acquired by NetMarble and Fox for a combined $1bn+), where he worked on products through all lifecycles in San Francisco, Vancouver, and Beijing and helped grow one of the company’s products to become the third largest revenue generating product in the company portfolio. In a former life, he worked in Technology Investment Banking at Merrill Lynch. He is also the author / co-author on 10+ gaming patents.