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. 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. It is easy to track the achievement of these goals when you have measurable key results. Well-defined goals make every member of the company aware of what is expected of them. The measures and steps to be taken to achieve these objectives also become clear. 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. These objectives should each have three to five measurable key results. These key results can be set on either a scale of 0-100% or 0-1. The OKRs can be implemented in your annual or quarterly plans. It is not hard to write your company’s OKRs. To learn more about writing OKRs, here are a few tips.
You should keep your OKRs simple. The most important goals of your company should be established. By establishing this you will be able to come up with OKRs that are 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. 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. The last thing you want is losing information in translation. Aim for clarity when coming up with your OKRs to avoid ambiguity.
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 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. If the results are not quantifiable, it is important to come up with a way of measuring success.
Success should be acknowledged and rewarded. You should celebrate when you hit a milestone. Doing this will encourage the OKR process. You can click here on this site to learn more.