Essential Tips for Writing OKRs for your Business
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. 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. 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. The use of this methodology is offering benefits to many companies today. This methodology is popular mainly because it is very easy and doesn’t need a lot of resources for implementation. Three to five high-level objectives are consisted of in OKRs. 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. Your OKRs can be implemented on 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. The OKRs that are most suitable for your company will be known by establishing this. 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. 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. You don’t want anything lost in translation. Being very clear and concise will avoid ambiguity of your objectives.
Every staff member should know what is expected of them. This is why it is essential to level your objectives. Top management to junior staff should know their role in achieving their objectives. 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. Everybody should know what they are working towards. You should have measurable key results. If the results are not quantifiable, it is important to come up with a way of measuring success.
Success should be acknowledged and rewarded. When you can hit your milestone, you should celebrate. You will encourage the staff by celebrating wins thereby encouraging the OKR process. For more info. on this visit this website.
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