Several companies struggle when it comes to bridging the gap between strategies and implementation. 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. OKR helps define the goals of an organization. Measurable key results can help track the achievement of these goals. With well-defined goals, everyone in a company is well 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. 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 mostly have 3 to 5 high-level objectives. These objectives should each have three to five measurable key results. You can set these key results on a scale of 0-100{04849f042c7cb443b7662682bd07cdfba2107aae915afd40cfa4fe5ab1f7731b} or 0-1.0. 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. 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. You should bear in mind the complexity of the objectives and your desired timeframe when coming up with a number. As much as your OKRs should not be too easy to achieve, they should still be achievable. 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. The contribution of every staff member in achieving the company’s objectives. Not only should the employees be aware of their roles but the company’s overall objective also. Everybody should know what they are working towards. You should have measurable key results. 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. The OKR process will be encouraged by doing this. For more info. on this visit this website.