How to Write OKRs for your Company
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. OKRs can help define a company’s goals. 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. What is needed to achieve these objectives will also be known. The use of this methodology is offering benefits to many companies today. It is popular mostly because it is easy to implement in a company and doesn’t use a lot of resources to implement. OKRs mostly have 3 to 5 high-level objectives. Three to five measurable key results should be consisted of in each of the objectives. The key results can be set on a scale of 0-1 or 0-100%. The OKRs can be implemented 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. 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. As much as your OKRs should not be too easy to achieve, they should still be achievable. 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. Being very clear and concise will avoid ambiguity of your objectives.
Every member of your staff should know what is expected of them. This is why it is essential to level your objectives. Top management to junior staff should know their role in achieving the OKRs. 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. Everybody should know what they are working towards. The key results should be measurable. You should come up with a way of measuring results if the results are difficult to quantify.
It is important to acknowledge and reward success. When you can hit your milestone, you should celebrate. The OKR process will be encouraged by doing this. You can click here on this site to learn more.
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