Tips for Writing OKRs for your Company
Many companies struggle with bridging the gap between strategies and implementation. For many years, companies have made use of different management strategies to achieve this. Over the years, there has been one management strategy that has been increasing in popularity that is objectives and key results methodology. 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. 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. It is popular mostly because it is easy to implement in a company and doesn’t use a lot of resources to implement. 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. You can implement your OKRs in your annual or quarterly plans. Writing OKRs is not as hard as it is perceived. To learn more about writing OKRs, here are a few tips.
You should keep your OKRs simple. 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. There are no restrictions to the number objectives you can 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. The last thing you want is losing information in translation. Aim for clarity when coming up with your OKRs to avoid ambiguity.
Everyone in the company needs to know what is expected of the. This is the reason why leveling your objectives is important. 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. 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. You should have measurable key results. If it is difficult to quantify results, come up with a way of measuring results.
Acknowledging and rewarding success is important. You should celebrate when you hit a milestone. Doing this will encourage the OKR process. You can click here on this site to learn more.