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. The recent years have seen the objectives and key results methodology increase in popularity. OKR helps define the goals of an organization. Tracking the achievement of these goals is easy as there are key results that are measurable. What is expected of a staff member is well-known with clearly-defined objectives. 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. This methodology is popular mainly because it is very easy and doesn’t need a lot of resources for implementation. 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!
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. You get to decide on the number of objectives to have. It is, however, still important to keep in mind the complexity of these objectives and your desired timeframe. You should have OKRs that are not too easy to achieve but still achievable. Specificity is important when writing OKRs. 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.
Every staff member should know what is expected of them. This is the reason why leveling your objectives is important. 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. Your key results should be measurable. If the results are not quantifiable, it is important to come up with a way of measuring success.
It is important to acknowledge and reward success. You should celebrate when you hit a milestone. Doing this will encourage the OKR process. To read more now, click the link to this website.