Bridging the gap between strategies and implementation is something that many companies struggle with. 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. 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. 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%. The OKRs can be implemented in your annual or quarterly plans. Writing OKRs is not as hard as it is perceived. This article will help you discover more about writing OKRs.
Simplicity is essential with OKRs. It is essential to establish what is of most importance to our company. By establishing this you will be able to come up with OKRs that are suitable for your company. 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. 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. Being very clear and concise will avoid ambiguity of your objectives.
Every member of your staff 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. The contribution of every staff member in achieving the company’s objectives. Not only should the employees be aware of their roles but the company’s overall objective also. Everyone needs to know what they are working towards. Your key results should be measurable. You should come up with a way of measuring results if the results are difficult to quantify.