First, read the book, it will help really frame the conversation and has a lot of real life examples, the most prominent being Google's.
OKR's 4 Key Parts:
- Focus - pick 2-3 objectives that really matter
- Align - make sure every person and team across the company are aligned
- Track - see if the results are bearing fruit, change course as needed
- Stretch - aim high and stretch your goal and your mind to accomplish great things
CFRs to encourage and guide the team
- Continuous - Constant coaching and mentoring
- Feedback - Give specific and timely feedback
- Recognition - celebrate the wins and the learnings