Many companies struggle with bridging the gap between strategies and implementation. Different management strategies aimed at bridging this gap have been in use for many years. 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. Tracking the achievement of these goals is easy as there are key results that are measurable. What is expected of a staff member is well-known with clearly-defined objectives. They also know what they need to do to achieve the objectives of the company. 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. These objectives should each have three to five measurable key results. The key results can be set on a scale of 0-1 or 0-100{9c6a8ebadae6c95437aca685ccca3141bdaa337e4a31ae6e166fd704c91b60c2}. 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. 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. When writing OKRs, specificity is important. It is important to have well-defined key results and clear objectives. The last thing you want is losing information 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 the reason why leveling your objectives is important. Top management to junior staff should know their role in achieving their objectives. Everyone should know what their contribution should be in achieving the company’s objectives. The staff needs to know the company’s overall objectives also other than their roles. 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.
Acknowledging and rewarding success is important. Hitting a milestone should be celebrated. Doing this will encourage the OKR process. To read more now, click the link to this website.