In this podcast, we discuss the key differences between KPIs and OKRs. We provide real examples of KPIs and OKRs by taking our YouTube channel "Everything Product" as an example and sharing tips on how to select the right metrics to measure product success.Key Highlights:- KPIs represent the overall health and success of a product, while OKRs are short-term goals tied to the company's strategy (2:30)- Always align KPIs and OKRs to business goals and the customer (8:00)- Avoid vanity metrics that look good but don't provide value (12:00)- Use both quantitative metrics and qualitative feedback from surveys and interviews (15:30)- Leading indicators predict future success, and lagging indicators track past performance (17:00)- Defining good KPIs and OKRs takes time - start simple and iterate (27:00)Timestamps:0:00 - Intro to KPIs and OKRs0:54 - KPI examples for a YouTube channel2:30 - Defining OKRs with examples for a YouTube channel5:00 - When to use KPIs vs OKRs6:00 - Walkthrough of using KPIs and OKRs at work8:00 - Tips for picking the right KPIs12:00 - Types of metrics: quantitative vs qualitative15:30 - Lagging vs leading indicators17:00 - Key takeawaysFollow us on: Spotify: https://anchor.fm/everythingproduct Learn more about the hosts: Phani - [https://www.linkedin.com/in/phanivuyyuru]Srinath - [https://www.linkedin.com/in/skotela/]Sid: LinkedIn - [https://www.linkedin.com/in/sidsaladi/] Newsletter - [https://sidsaladi.substack.com/] Twitter - [https://mobile.twitter.com/Sidsaladi]💎 Here are more resources for you 🚀 The Ultimate PM Launch Pad - Blast Off Your Career Now! 🚀https://www.youtube.com/playlist?list=PL0KSCr65RCTOupMjArBvrML5VWUGzaKqt🧰 Master the PM Toolkit - Equip Yourself for Success! 🧰https://www.youtube.com/playlist?list=PL0KSCr65RCTM4acJOjQYFvOVMzfiEFlqE⚡️ Stay Ahead of the Tech Curve - Charge Your Knowledge Now! ⚡️https://www.youtube.com/playlist?list=PL0KSCr65RCTMvYe4lAYpfdbDoNdPbA33o#productmanagement #kpi #okr #keyperformanceindicators #youtube #metrics #productsuccess #objectives #keyresults--- Send in a voice message: https://podcasters.spotify.com/pod/show/everythingproduct/message