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. The recent years have seen the objectives and key results methodology increase in popularity. The goals of a company can be defined using OKRs. Measurable key results can help track the achievement of these goals. With well-defined goals, everyone in a company is well aware of what is expected of them. 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. The popularity of this methodology lies mainly behind the fact that it doesn’t it is easy to implement and doesn’t require a lot of resources. Three to five high-level objectives are consisted of in OKRs. Three to five measurable key results should be consisted of in each of the objectives. 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. It is not hard to write your company’s OKRs. You can read more about tips for writing OKRs here!
You should keep your OKRs 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. You get to decide on the number of objectives to have. You should bear in mind the complexity of the objectives and your desired timeframe when coming up with a number. Your OKRs should be achievable but they should not be too easy to achieve. 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. Aim for clarity when coming up with your OKRs to avoid ambiguity.
Every member of your staff should know what is expected of them. This makes it essential to level your objectives. 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. Your key results should be measurable. If it is difficult to quantify results, come up with a way of measuring results.