February 2020 Meeting Agenda
Date: Thursday, February 27th, 2020
Time: 6:00PM TO 8:00PM
Location: 120 EGLINTON AVE E., 6TH FLOOR. (Click for Location Map)
Room: Meeting Room.
Click here to reserve your spot.
Mehrdad Speech: OKRs in Goal setting
We all see that companies lose their capital and people waste their time and exhaust their resources not because they’re dumbbut because not setting appropriate goals or choosing wrong objectives orperhaps considering wrong metrics.
Many of us are setting goals wrong and most of us arenot setting goals at all.
A lot of organizations set objectives and meet thembut they lack a sense of purpose to inspire their teams.
So how do you set the goals right way?
First, you must answer the question WHY. Why?
Objectivesand key results (OKR) is a†goal-setting†framework that helpsorganizations as well as individuals define†goals†ó or objectives óand then track the outcome.
OKR†has been around since the 1970s. Theconcept was created by intel president Andy Grove, and popularized by JohnDoerr, who was one of the earliest investors in Google.
Andy Grove who invented the OKRsystem was a superb leader. It is all about excellent execution.
The objective is the direction and the key results has to be measurable.
The Objectives are WHAT you want to have accomplished and the Key Results are HOW am I goanna get that done?
ObjectivesÖKeyResults. What .. and how.
The difference between OKR and SMART goals
On the surface, SMART goals and OKRs look similar. They both offer a structure, and they both have rules that help set scope, time frames, and alignment.
However, the similarities end here, and where SMART ends, OKR takes over.
SMART views goals in isolation and provides a simple, yet memorable acronym and criteria to describe their structure.
OKR also provides a structure but draws a distinct line between the Objective of the goal (what you want to achieve) and how to measure progress towards it using Key Results.
This an area where the ìMî in SMART can cause confusion since there are several variations of what the acronym SMART means.
For example, the M can stand for measurable, meaningful, or motivational.
At PITON we talk about professional development, achievement and success.
We encourage members to share, collaborate and grow.
Today’s theme is growth mindset. Raise your hand if you know what it means?
Why mindset is relevant to our mission?
Our emotions drive actions and our actions yield results.
The significance of mindset is that it determines our emotions.
There are two main types of mindset:
Fixed and growth.
People with fixed mindset have different impression on success or failure than people with growth mindset.
People with fixed mindset believe in fixed capacities, talent or strengths. A person with fixed mindset is demanding people’s approval. They don’t believe in effort. To them, effort is equal lack of intelligence. Their failure determine their weaknesses and there is no drive to try hard.
People with growth mindset on the other hand thrive in challenges. Failure means more effort. It does not cause negative emotions that could prevent further effort. They don’t need people’s approval. Such feeling drives different results!
Knowing the difference, ask yourself in which areas of my life do I demonstrate fixed mindset?
The good news is mindset can be changed through awareness and practice!
Google’s recent announcement of Quantum Supremacy means that the threat that quantum computers pose to current encryption is closer than ever before.
In preparation for quantum computing tsunami, IronCap has invented a new cryptography solution that they claim would resist against the power of quantum computing. They claim that they are the technology pioneer of Post-Quantum Cyber Security.
01 Communique Laboratory Inc. is tackling the threat of quantum computing by inviting computer science students, cybersecurity companies and hackers to challenge their ‘quantum-safe’ encryption in a $100,000 hackathon starting on November 6th, 2019.
Canadian Company 01 Communique claims their product IronCAP is fit to stop attacks by quantum computers. Andrew Cheung, 01 Communique’s CEO is so confident in their code that he is holding a hackathon challenge with a $100,000 prize. Pre-register for our Hackathon Event. Registration Opens November 6th!
If you are interested in giving it a try, follow the following URL:
We talked about benefits of membership and distributed registration forms.
For the first year the discounted annual membership fee is $60.
We will share a coupon code with the members to get the free ticket online.
Non-members would pay $10 per session.
Below is the summary benefit that members will receive:
1. Free ticket for monthly meetings. Regular price for non-members is $10.
2. Up to 80% discount on Conferences and Seminars organized by PITON.
3. Success mentor-ship: Including professional assistance with SMART goal setting, progress monitoring, and success accountability pairing.
4. Discounted coaching sessions with one of our professional and certified coaches of your choice if required.
5. Practicing personal-branding, public speaking, and leadership skills.
6. Certificate of participation for the time you spend in meetings that can be submitted to certification bodies as education units.
7. Free G-Suite account under “piton.ca”domain (reserved for volunteers and leadership team).
8. Members can bring along guests for a maximum of 2 sessions free of charge.