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. Over the years, there has been one management strategy that has been increasing in popularity that is objectives and key results methodology. 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. Well-defined goals make every member of the company aware of what is expected of them. They also know what they need to do to achieve the objectives of the company. 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. The key results can be set on a scale of 0-1 or 0-100%. Your OKRs can be implemented on your annual or quarterly plans. Writing OKRs is not very hard. You can read more about tips for writing OKRs here!
You should keep your OKRs simple. The most important goals of your company should be established. The OKRs that are most suitable for your company will be known by establishing this. You get to decide on the number of objectives to have. 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. Specificity is important when writing OKRs. You should have clear objectives and clearly-defined results. You don’t want anything lost in translation. Aim for clarity when coming up with your OKRs to avoid ambiguity.
Every staff member should know what is expected of them. This makes it essential to level your objectives. The role of top management to junior staff in achieving the objectives should be known. Everyone should know what their contribution should be 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.
It is important to acknowledge and reward success. You should celebrate when you hit a milestone. The OKR process will be encouraged by doing this. To read more now, click the link to this website.
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