Key Results are specific, measurable outcomes that indicate progress toward achieving a particular objective. They help teams and individuals track their performance and determine whether they are on the right path. By defining clear Key Results, organizations can focus their efforts and resources on what truly matters. Typically, Key Results are quantifiable and time-bound, making it easier to assess success. For example, a company might set a Key Result to increase sales by 20% within a quarter. This clarity allows everyone involved to understand expectations and work collaboratively towards common goals.