Tips for Writing OKRs for your Company
Bridging the gap between strategies and implementation is something that many companies struggle with. Many management strategies have been in use for many years that aim at bridging this gap. Over the years, there has been one management strategy that has been increasing in popularity that is objectives and key results methodology. OKR helps define the goals of an organization. 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. 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. Three to five high-level objectives are consisted of in OKRs. These objectives should each have three to five measurable key results. You can set these key results on a scale of 0-100% or 0-1.0. You can implement your OKRs in 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. The most important goals of your company should be established. The OKRs that are most suitable for your company will be known by establishing this. 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. When writing OKRs, specificity is important. You should have clear objectives and clearly-defined results. The last thing you want is losing information in translation. Being very clear and concise will avoid ambiguity of your objectives.
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. Everyone should know what their contribution should be in achieving the company’s objectives. Not only should the employees be aware of their roles but the company’s overall objective also. They should be aware of what they are working towards for motivation. The key results should be measurable. If the results are not quantifiable, it is important to come up with a way of measuring success.
Success should be acknowledged and rewarded. You should celebrate when you hit a milestone. You will encourage the staff by celebrating wins thereby encouraging the OKR process. For more info. on this visit this website.