OKRs (Objectives and Key Results) is a popular goal-setting framework used by top companies like Google, Intel, Facebook, Twitter etc and several start-ups to set aspirational goals and measurable key results. Read more - https://blog.ricotta.team/what-are-okrs-why-adopt-them
It is a very good way to manage people, and manage yourself, but they must be reviewed regularly — not just once a quarter, or at the end of the year.
Agreed, @rowe_morehouse