How to Write 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. The recent years have seen the objectives and key results methodology increase in popularity. 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. 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. OKRs mostly have 3 to 5 high-level objectives. Under these objectives, you will 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. It is not hard to write your company’s OKRs. To learn more about writing OKRs, here are a few tips.
You should keep your OKRs 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. The number of objectives to have will be decided by you. 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. You should be specific when writing OKRs. It is important to have well-defined key results and clear objectives. The last thing you want is losing information in translation. The ambiguity of your OKRs will be avoided by being clear and concise.
Every member of your staff should know what is expected of them. This makes it essential to level your objectives. Top management to junior staff should know their role in achieving the OKRs. It is essential for everyone to know what their contribution to achieving the company’s objectives is. 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. Your key results should be measurable. You should come up with a way of measuring results if the results are difficult to quantify.
Acknowledging and rewarding success is important. Hitting a milestone should be celebrated. The OKR process will be encouraged by doing this. For more info. on this visit this website.