Tips for Writing OKRs for your Company
Many companies struggle with bridging the gap between strategies and implementation. Different management strategies aimed at bridging this gap have been in use for many years. Over the years, there has been one management strategy that has been increasing in popularity that is objectives and key results methodology. OKRs can help define a company’s goals. Tracking the achievement of these goals is easy as there are key results that are measurable. Well-defined goals make every member of the company aware of what is expected of them. The measures and steps to be taken to achieve these objectives also become clear. Many companies today are now benefiting from the use of the OKR 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. 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%. You can implement your OKRs in your annual or quarterly plans. Writing OKRs is not very hard. To learn more about writing OKRs, here are a few tips.
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. However, it is important to keep in mind the time you have and the complexity of the objectives. Your OKRs should be achievable but they should not be too easy to achieve. Specificity is important when writing OKRs. You should have clear objectives and clearly-defined results. The last thing you want is losing information in translation. Aim for clarity when coming up with your OKRs to avoid ambiguity.
Everyone in the company needs to know what is expected of the. This is why it is essential to level your objectives. 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. Not only should the employees be aware of their roles but the company’s overall objective also. Everyone needs to know what they are working towards. Your key results should be measurable. If it is difficult to quantify results, come up with a way of measuring results.
Acknowledging and rewarding success is important. When you can hit your milestone, you should celebrate. The OKR process will be encouraged by doing this. You can click here on this site to learn more.