How to Write OKRs for your Company
Several companies struggle when it comes to bridging the gap between strategies and implementation. Many management strategies have been in use for many years that aim at bridging this gap. 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. What is expected of a staff member is well-known with clearly-defined objectives. 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. It is popular mostly because it is easy to implement in a company and doesn’t use a lot of resources to implement. OKRs consist of three to five high-level objectives. 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%. The OKRs can be implemented in your annual or quarterly plans. Writing OKRs is not very hard. You can read more about tips for writing OKRs here!
You should keep your OKRs simple. What is of most importance to 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. 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. It is important to have well-defined key results and clear objectives. Nothing should be lost 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 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. Everyone needs to know what they are working towards. The 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. The OKR process will be encouraged by doing this. To read more now, click the link to this website.