OKRs answer what and how much. Strategy answers why this and not that.
When a leadership team skips the strategy step and goes straight to OKR setting, the OKRs end up describing whatever the team was already going to do — dressed up with a number. The result feels disciplined but isn't directional.
A real strategy makes the trade-offs visible: which customer, which problem, which channel, and — critically — which ones we're saying no to. OKRs then translate those trade-offs into measurable progress.