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. OKRs can help define a company’s goals. It is easy to track the achievement of these goals when you have measurable key results. 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. It is popular mostly because it is easy to implement in a company and doesn’t use a lot of resources to implement. OKRs mostly have 3 to 5 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. You can implement your OKRs in your annual or quarterly plans. Writing OKRs is not as hard as it is perceived. To learn more about writing OKRs, here are a few tips.
Your OKRs should be simple. The most important goals of your company should be established. 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. You should have OKRs that are not too easy to achieve but still achievable. You should be specific when writing OKRs. You should have clear objectives and clearly-defined results. Nothing should be lost in translation. Aim for clarity when coming up with your OKRs to avoid ambiguity.
Every staff member should know what is expected of them. 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 employees should not only be aware of their role but they should also know the overall company’s objectives. Everyone needs to 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. Doing this will encourage the OKR process. For more info. on this visit this website.