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. One management strategy that has been increasing in popularity over the years is the objectives and key results methodology, in short, OKRs. The goals of a company can be defined using OKRs. Tracking the achievement of these goals is easy as there are key results that are measurable. 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. Several companies are benefiting today from the use of this methodology. 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. OKRs consist of three to five high-level objectives. These objectives should each have three to five measurable key results. These key results can be set on either a scale of 0-100% or 0-1. 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!
Your OKRs should be 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. There are no restrictions to the number objectives you can have. 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. The objectives should be very clear and the key results should be well-defined. Nothing should be 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 the reason why leveling your objectives is important. 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. The staff needs to know the company’s overall objectives also other than their roles. Everybody should know what they are working towards. The key results should be measurable. If it is difficult to quantify results, come up with a way of measuring results.
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.