Many companies struggle with bridging the gap between strategies and implementation. Many management strategies have been in use for many years that aim at bridging this gap. 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. The measures and steps to be taken to achieve these objectives also become clear. The use of this methodology is offering benefits to many companies today. 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. Under these objectives, you will have three to five measurable key results. The key results can be set on a scale of 0-1 or 0-100{7d1e40ebd6982924326d8fa9e417d1e7993c0c0852ebf8cc82da44ee858b43d1}. 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.
You should keep your OKRs 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. 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. When writing OKRs, specificity is important. It is important to have well-defined key results and clear objectives. Nothing should be lost 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 the reason why leveling your objectives is important. 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. 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. The key results should be measurable. You should come up with a way of measuring results if the results are difficult to quantify.
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. You can click here on this site to learn more.