Tips for Writing OKRs for your Company
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. 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. The popularity of this methodology lies mainly behind the fact that it doesn’t it is easy to implement and doesn’t require a lot of resources. Three to five high-level objectives are consisted of in OKRs. Three to five measurable key results should be consisted of in each of the objectives. The key results can be set on a scale of 0-1 or 0-100%. You can implement your OKRs in your annual or quarterly plans. Writing OKRs is not very hard. 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. By establishing this you will be able to come up with OKRs that are suitable for your company. You get to decide on the number of objectives to have. 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. When writing OKRs, specificity is important. The objectives should be very clear and the key results should be well-defined. You don’t want anything lost in translation. The ambiguity of your OKRs will be avoided by being clear and concise.
Everyone in the company needs to know what is expected of the. This is why it is essential to level your objectives. The role of top management to junior staff in achieving the objectives should be known. It is essential for everyone to know what their contribution to achieving the company’s objectives is. Not only should the employees be aware of their roles but the company’s overall objective also. Everybody should know what they are working towards. Your key results should be measurable. You should come up with a way of measuring results if the results are difficult to quantify.
Success should be acknowledged and rewarded. Hitting a milestone should be celebrated. You will encourage the staff by celebrating wins thereby encouraging the OKR process. You can click here on this site to learn more.