Tips for Writing 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. Tracking the achievement of these goals is easy as there are key results that are measurable. Well-defined goals make every member of the company 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. Three to five measurable key results should be consisted of in each of the objectives. 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. 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. The OKRs that are most suitable for your company will be known by establishing this. 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. When writing OKRs, specificity is important. You should have clear objectives and clearly-defined results. 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 the reason why leveling your objectives is important. 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. 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. 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. The OKR process will be encouraged by doing this. For more info. on this visit this website.
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