Objectives and Key Results, or OKRs have become one of the most popular frameworks for teams looking to plan their success. In simple words, the Objective is Where do I want to go? And Key Result is How will I get there?
This process focuses on measurable goals that can be easily monitored over time. OKRs help to track progress, create alignment within the team and encourage engagement among the employees. OKR adoption does much more than just help individuals perform better, it ensures universal marks of success across an organization. It also helps in setting ambitious but attainable targets which help the organization grow.
Qualities of a Successful OKR Strategy:
- OKRs should be transparent
- Objectives should be ambitious
- Key results should be measurable
Here is some advice for running a successful OKR process:
- Align and commit to teamwork
Without employees who can align their personal and professional goals, the company will never be able to reach its full potential. Achieving success requires that people work together as one-bodied creatures capable of maximizing efficiency by pursuing individual objectives while still contributing meaningfully toward achieving shared purposes and ambitions. When communicating with your team, always highlight the importance of objectives. Cross-team OKRs are a great way to encourage conversations and promote collaboration. They can also help you identify strategic advantages between groups that might have been previously overlooked.
- Track Accountability
Mistakes are inevitable, but learning from them can make all the difference. A culture where people feel accountable for their actions and admit mistakes goes hand in hand with having a good work environment that encourages growth. A great way to start improving your company’s accountability is reviewing your OKR weekly & holding weekly meetings so everyone knows what needs improvement. The real-time goal tracking system is also key to driving accountability.
- Focus and Commit to priorities
The leader’s commitment and follow-through are key to making sure that the organization has a successful OKR implementation. Employees must be able to identify and prioritize tasks. Employees should also differentiate between important or less urgent matters so that they can focus on what needs attention at any given time.
- Set stretch goals
Setting OKRs with stretch goals is a great way to ensure that you’re meeting the minimum standards for success and setting yourself up for future opportunities. The stretch goals should be a part of your strategy at all levels. It is important to create a culture where everyone feels like they can fail, as long as you’re putting in due effort and working towards the common goal. When we don’t fear being judged by our outcomes then full efforts will go towards doing what needs to be done with the ease of mind. A successful company thrives on creating an environment that encourages self-expression while still holding values.
You can be successful in running an OKR process if you have the right know-how, skills, and attitude. Remember to take your time with these things because it takes time & is important for success. The most advanced OKR software for business, Huminos offers a simple and intuitive interface that will help your company set measurable goals. Huminos is the ultimate tool to use to create actionable OKRs with ease.