Tips for Writing 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. OKR helps define the goals of an organization. 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. Many companies today are now benefiting from the use of the OKR methodology. This methodology is popular mainly because it is very easy and doesn’t need a lot of resources for implementation. OKRs consist of three to five high-level objectives. These objectives should each have three to five measurable key results. 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. To learn more about writing OKRs, here are a few tips.
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. Your OKRs should be achievable but they should not be too easy to achieve. Specificity is important when writing OKRs. The objectives should be very clear and the key results should be well-defined. You don’t want anything 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. 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. 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. The OKR process will be encouraged by doing this. To read more now, click the link to this website.