Essential Tips for Writing OKRs for your Business
Bridging the gap between strategies and implementation is something that many companies struggle with. For many years, companies have made use of different management strategies to achieve this. Over the years, there has been one management strategy that has been increasing in popularity that is objectives and key results methodology. The goals of a company can be defined using OKRs. It is easy to track the achievement of these goals when you have measurable key results. Well-defined goals make every member of the company aware of what is expected of them. They also know what they need to do to achieve the objectives of the company. Several companies are benefiting today from the use of this methodology. This methodology is popular mainly because it is very easy and doesn’t need a lot of resources for implementation. OKRs consist of three to five high-level objectives. These objectives should each have three to five measurable key results. The key results can be set on a scale of 0-1 or 0-100%. Your OKRs can be implemented on your annual or quarterly plans. Writing OKRs is not as hard as it is perceived. You can read more about tips for writing OKRs here!
Simplicity is essential with OKRs. 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. As much as your OKRs should not be too easy to achieve, they should still be achievable. When writing OKRs, specificity is important. It is important to have well-defined key results and clear objectives. Nothing should be lost in translation. Being very clear and concise will avoid ambiguity of your objectives.
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 their objectives. The contribution of every staff member in achieving the company’s objectives. The employees should not only be aware of their role but they should also know the overall company’s objectives. They should be aware of what they are working towards for motivation. The key results should be measurable. If it is difficult to quantify results, come up with a way of measuring results.
It is important to acknowledge and reward success. When you can hit your milestone, you should celebrate. Doing this will encourage the OKR process. To read more now, click the link to this website.