TMRs, one more acronym in a sea of acronyms. Who can bear in mind so many acronyms?
The explanation after all is for written and generally spoken shorthand. We need to be extra environment friendly, we would like clear linear paths that we are able to comply with to get probably the most out of any given factor.
Happily, this acronym will give that to you. TMR stands for Targets Milestones & Rewards. Now you may learn this and suppose that that sounds similar to one thing else. And also you’d be proper, it’s not too far off from John Doerr’s OKRs. In essence, it’s constructing upon the extremely robust basis of the OKR system. And I’ve written in regards to the reframed idea of TMRs in different posts already, find out how to use them with EPICQ Objectives and about altering the best way we work.
I’d come throughout OKRs earlier than after which I learn John Doerr’s ebook Measure what issues and I realised that a lot of the work I do, with purpose setting and creating milestones is, in essence, doing OKRs. However it wanted one thing further and the terminology wanted some reframing. So I took the method, constructed on it, and reframed the terminology to replicate the enterprise of viewers engagement and gamification, and with that I additionally added rewards to it as properly, to replicate that gamified conception.
Now I’ll go into extra element about what I imply by rewards later, however for now, know that it doesn’t simply imply that you just get rewarded for doing one thing. No, it’s extra about what are the rewards for reaching sure outcomes.
And for people who haven’t come throughout OKRs but, this acronym stands for Aims and Key Outcomes. A really potent software to determine and refine your targets/aims and what it is advisable to do to attain them.
I received’t go into explaining how OKRs work, the ebook and the web site already do a fantastic job of that. Moderately what I’d love to do is provide you with an overview of what the reframed model presents you. And this isn’t something groundbreaking, it’s merely utilizing totally different languages to get you to know the ideas higher as a way to have more practical and environment friendly goal-setting practices in your small business and organisation.
