Essential Tips for Writing OKRs for your Business
Several companies struggle when it comes to
bridging the gap between strategies and
implementation. For many years, companies have made use of different management
strategies to achieve this. One management strategy that has been increasing in
popularity over the years is the objectives and key results methodology, in
short, OKRs. OKRs can help define a
company's goals. 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. The measures and steps to be taken to achieve
these objectives also become clear. Many companies today are now benefiting
from the use of the OKR methodology. It is popular mostly because it is easy to
implement in a company and doesn't use a lot of resources to implement. OKRs
consist of three to five high-level objectives.
Three to five measurable key
results should be consisted of in each
of the objectives. These key results can be set on either a scale of 0-100% or
0-1. The OKRs can be implemented in your
annual or quarterly plans. Writing OKRs
is not very hard. You can read more about tips for writing OKRs here!
You should keep your OKRs simple. It is
essential to establish what is of most importance to our company. 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. You should bear in mind the complexity of the
objectives and your desired timeframe when coming up with a number. You should have OKRs that are not too easy to
achieve but still achievable. When
writing OKRs, specificity is important.
You should have clear objectives and clearly-defined results. Nothing should be lost in translation. Aim
for clarity when coming up with your OKRs to avoid ambiguity.
Every staff member should know what is
expected of them. 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. Everyone needs to know what they are working
towards. You should have measurable key
results. If it is difficult to quantify
results, come up with a way of measuring results, visit and learn
Acknowledging and rewarding success is
important. When you can hit your milestone, you should celebrate. The OKR process will be encouraged by doing
this. You can click here on this site to
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