Several companies struggle when it comes to bridging the gap between strategies and implementation. For many years, companies have made use of different management strategies to achieve this. 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. Measurable key results can help track the achievement of these goals. Well-defined goals make every member of the company aware of what is expected of them. What is needed to achieve these objectives will also be known. 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. The OKRs can be implemented 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.
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. The number of objectives to have will be decided by you. You should bear in mind the complexity of the objectives and your desired timeframe when coming up with a number. 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. You don’t want anything lost in translation. Being very clear and concise will avoid ambiguity of your objectives.
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. Everybody should know what they are working towards. Your key results should be measurable. If the results are not quantifiable, it is important to come up with a way of measuring success.