Bridging the gap between strategies and implementation is something that many companies struggle with. 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. 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. The measures and steps to be taken to achieve these objectives also become clear. 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 consist of three to five high-level objectives. Under these objectives, you will have three to five measurable key results. These key results can be set on either a scale of 0-100% or 0-1. The OKRs can be implemented in your annual or quarterly plans. Writing OKRs is not as hard as it is perceived. You can read more about tips for writing OKRs here!
Simplicity is essential with OKRs. 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. The number of objectives to have will be decided by you. It is, however, still important to keep in mind the complexity of these objectives and your desired timeframe. As much as your OKRs should not be too easy to achieve, they should still be achievable. You should be specific when writing OKRs. You should have clear objectives and clearly-defined results. Nothing should be lost in translation. Being very clear and concise will avoid ambiguity of your objectives.
Everyone in the company needs to know what is expected of the. 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. Everybody should know what they are working towards. 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. You will encourage the staff by celebrating wins thereby encouraging the OKR process. For more info. on this visit this website.