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. Over the years, there has been one management strategy that has been increasing in popularity that is objectives and key results methodology. OKRs can help define a company’s goals. 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. They also know what they need to do to achieve the objectives of the company. The use of this methodology is offering benefits to many companies today. The popularity of this methodology lies mainly behind the fact that it doesn’t it is easy to implement and doesn’t require a lot of resources. OKRs consist of three to five high-level objectives. 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.
Your OKRs should be simple. It is essential to establish what is of most importance to our company. 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. As much as your OKRs should not be too easy to achieve, they should still be 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. 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 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. They should be aware of what they are working towards for motivation. The key results should be measurable. If the results are not quantifiable, it is important to come up with a way of measuring success.