Tips for Writing OKRs for your Company
Bridging the gap between strategies and implementation is something that many companies struggle with. For many years, companies have made use of different management strategies to achieve this. 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. With well-defined goals, everyone in a company is well aware of what is expected of them. What is needed to achieve these objectives will also be known. 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. These objectives should each have three to five measurable key results. You can set these key results on a scale of 0-100% or 0-1.0. Your OKRs can be implemented on your annual or quarterly plans. Writing OKRs is not very hard. This article will help you discover more about writing OKRs.
Simplicity is essential with OKRs. 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. Your OKRs should be achievable but they should not be too easy to achieve. You should be specific when writing OKRs. The objectives should be very clear and the key results should be well-defined. The last thing you want is losing information in translation. Being very clear and concise will avoid ambiguity of your objectives.
Every staff member 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. 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. They should be aware of what they are working towards for motivation. The key results should be measurable. If it is difficult to quantify results, come up with a way of measuring results.
It is important to acknowledge and reward success. You should celebrate when you hit a milestone. Doing this will encourage the OKR process. For more info. on this visit this website.