Essential Tips for Writing OKRs for your Business
Bridging the gap between strategies and implementation is something that many companies struggle with. Different management strategies aimed at bridging this gap have been in use for many years. The recent years have seen the objectives and key results methodology increase in popularity. OKR helps define the goals of an organization. Measurable key results can help track the achievement of these goals. With well-defined goals, everyone in a company is well aware of what is expected of them. They also know what they need to do to achieve the objectives of the company. The use of this methodology is offering benefits to many companies today. It is popular mostly because it is easy to implement in a company and doesn’t use a lot of resources to implement. OKRs mostly have 3 to 5 high-level objectives. Three to five measurable key results should be consisted of in each of the objectives. You can set these key results on a scale of 0-100% or 0-1.0. The OKRs can be implemented in your annual or quarterly plans. It is not hard to write your company’s OKRs. You can read more about tips for writing OKRs here!
Simplicity is essential with OKRs. The most important goals of your company should be established. Establishing this will help you come up with OKRs that are most suitable for your company. The number of objectives to have will be decided by you. However, it is important to keep in mind the time you have and the complexity of the objectives. Your OKRs should be achievable but they should not be too easy to achieve. Specificity is important when writing OKRs. It is important to have well-defined key results and clear objectives. Nothing should be lost in translation. Aim for clarity when coming up with your OKRs to avoid ambiguity.
Everyone in the company needs to know what is expected of the. This makes it essential to level your objectives. Top management to junior staff should know their role in achieving the OKRs. Everyone should know what their contribution should be in achieving the company’s objectives. The staff needs to know the company’s overall objectives also other than their roles. Everybody should know what they are working towards. Your key results should be measurable. If it is difficult to quantify results, come up with a way of measuring results.
Acknowledging and rewarding success is important. When you can hit your milestone, you should celebrate. Doing this will encourage the OKR process. For more info. on this visit this website.