Bridging the gap between strategies and implementation is something that many companies struggle with. For many years, companies have made use of different management strategies to achieve this. The recent years have seen the objectives and key results methodology increase in popularity. The goals of a company can be defined using OKRs. It is easy to track the achievement of these goals when you have measurable key results. With well-defined goals, everyone in a company is well aware of what is expected of them. The measures and steps to be taken to achieve these objectives also become clear. Several companies are benefiting today from the use of this methodology. This methodology is popular mainly because it is very easy and doesn’t need a lot of resources for implementation. OKRs mostly have 3 to 5 high-level objectives. Three to five measurable key results should be consisted of in each of the objectives. These key results can be set on either a scale of 0-100{eec0967cf246adfce94e31ca2e5a158048f50c784c4c262b90b55dd663ea6f71} or 0-1. Your OKRs can be implemented on your annual or quarterly plans. It is not hard to write your company’s OKRs. 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. Establishing this will help you come up with OKRs that are most suitable for your company. The number of objectives to have will be decided by you. However, it is important to keep in mind the time you have and the complexity of the objectives. 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. You don’t want anything lost 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 why it is essential to level your objectives. Top management to junior staff should know their role in achieving their objectives. It is essential for everyone to know what their contribution to achieving the company’s objectives is. 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.
Acknowledging and rewarding success is important. You should celebrate when you hit a milestone. The OKR process will be encouraged by doing this. You can click here on this site to learn more.