How to Write OKRs for your Company
Several companies struggle when it comes to 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. 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. 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. 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. It is not hard to write your company’s OKRs. This article will help you discover more about writing OKRs.
You should keep your OKRs simple. It is essential to establish what is of most importance to our company. 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. 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. The objectives should be very clear and the key results should be well-defined. Nothing should be lost in translation. The ambiguity of your OKRs will be avoided by being clear and concise.
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 staff needs to know the company’s overall objectives also other than their roles. Everyone needs to 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.
It is important to acknowledge and reward success. You should celebrate when you hit a milestone. You will encourage the staff by celebrating wins thereby encouraging the OKR process. To read more now, click the link to this website.