Essential Tips for Writing OKRs for your Business
Several companies struggle when it comes to bridging the gap between strategies and implementation. Many management strategies have been in use for many years that aim at bridging this gap. 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. They also know what they need to do to achieve the objectives of the company. Several companies are benefiting today from the use of this methodology. 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. Under these objectives, you will have three to five measurable key results. 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. Writing OKRs is not very hard. This article will help you discover more about writing OKRs.
Simplicity is essential with OKRs. What is of most importance to your company should be established. Establishing this will help you come up with OKRs that are most suitable for your company. You get to decide on the number of objectives to 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. 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 member of your staff should know what is expected of them. This is why it is essential to level your objectives. The role of top management to junior staff in achieving the objectives should be known. The contribution of every staff member in achieving the company’s objectives. The staff needs to know the company’s overall objectives also other than their roles. They should be aware of what they are working towards for motivation. You should have measurable key results. If it is difficult to quantify results, come up with a way of measuring results.
It is important to acknowledge and reward success. Hitting a milestone should be celebrated. You will encourage the staff by celebrating wins thereby encouraging the OKR process. To read more now, click the link to this website.