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. The recent years have seen the objectives and key results methodology increase in popularity. OKRs can help define a company’s goals. Measurable key results can help track the achievement of these goals. 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. Many companies today are now benefiting from the use of the OKR 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. 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 very hard. This article will help you discover more about writing OKRs.
You should keep your OKRs simple. It is essential to establish what is of most importance to our company. The OKRs that are most suitable for your company will be known by establishing this. There are no restrictions to the number objectives you can have. It is, however, still important to keep in mind the complexity of these objectives and your desired timeframe. You should have OKRs that are not too easy to achieve but still 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. Being very clear and concise will avoid ambiguity of your objectives.
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 the OKRs. Everyone should know what their contribution should be in achieving the company’s objectives. 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. You should have measurable key results. If it is difficult to quantify results, come up with a way of measuring results.
It is important to acknowledge and reward success. When you can hit your milestone, you should celebrate. You will encourage the staff by celebrating wins thereby encouraging the OKR process. For more info. on this visit this website.