Case Study: My Experience With
October 1, 2020
Bridging the gap between strategies and implementation is something that many companies struggle with. For many years, companies have made use of different management strategies to achieve this. The recent years have seen the objectives and key results methodology increase in popularity. OKRs can help define a company’s goals. Tracking the achievement of these goals is easy as there are key results that are measurable. Well-defined goals make every member of the company aware of what is expected of them. 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 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. Your OKRs can be implemented on 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. Establishing this will help you come up with OKRs that are most suitable for your company. 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. You should have OKRs that are not too easy to achieve but still achievable. Specificity is important when writing OKRs. It is important to have well-defined key results and clear objectives. You don’t want anything lost 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 why it is 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. 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.
Success should be acknowledged and rewarded. 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.