When your organization seeks an avenue to set goals, then they might want to use OKR. This process is used by social media platforms like Twitter, LinkedIn and Facebook to help them achieve their objectives. It allows every member of an organization to know how they are progressing towards mutual goals.
All organizations are looking for ways to expand and drive performance. So, it’s a common practice among workers to set organizational and departmental goals, which help them know their progress level.
This post will discuss OKR and the steps to follow in order to write one.
What is an OKR?
OKR is termed as Objective and Key Result. It is a tool that helps an organization achieve their goals by creating a definite and measurable action, as well as monitoring progress towards those goals.
Firstly, the objective in OKR shows where you go, and it can be simple and inspirational. Usually, many companies have three to five objectives per quarter. A typical scenario is an increase in company profit. Moreover, for key results, these are deliverable that you can define for each objective which helps workers measure their progress towards a goal.
For each objective, there are around two to five key results.
Today, more and more firms as well as NGOs use OKR to measure their performance.
Step #1: Understanding the company goals
To write an effective OKR, you will need to understand what the company goals are. Indeed, these goals are needed to let the firm to where they are heading to and for better planning.
Once you know what the vision is, you can break it down to goals to move your business forward.
Step #2: Choose the appropriate tools
Using the right tools for a project is critical to achieving success. This goes from brainstorming sessions to monitoring your progress. OKR offers excellent tools to support your business goals.
These tools include:
This includes whiteboards, which are ideal for people working from home. Miro is an excellent tool for remote workers.
Hypertext goal library
This inspires people when seeking goals that can be achieved.
This is a good tool that helps track company goals. It is a simple tool and allows easy collaboration of teams. A Google sheets is part of the Google suit tools, which ensure firms can collaborate on a project together.
Step #3: Get the whole team involved
OKR writing needs team members to have input, which can lead to better accountability in a firm. So, immediately you have a set goal and the right tools, you will need to involve all teams in collaboration.
When you get the whole team involved, there will be better accountability and cooperation among the work force.
Step #4: Write clear OKR Objectives
Your goals should be included before key results and initiatives. However, it can be tempting to begin with, the results, but ultimately the objective guides the results. These objectives need to show that the organization is competent and ambitious.
Step #5: Develop key results
Key results show the progress of the objectives of the company. When your objective has been cleared out, you should ensure your key results should be relevant to your goals and simple to measure.
Step #6: Plan your objectives
You will need good initiatives to ensure your OKR is successful. Track the objectives. Companies and organizations that are reliable need to track how feasible their objectives are.
OKRs do effective work when teams are brainstorming. They work well when you track and review them.
Firms and individuals who want better efficiency on performance in their operations need to set clear goals which can be monitored.
OKR is an excellent tool that can be used by organizations that need to measure their operations. Writing an OKR entails some steps that you must follow to achieve the set objectives.