OKRs stand for Objectives and Key Results they are a popular way for businesses to measure & track progress. The idea is quite simple, businesses set objectives and then identify key results that will help them achieve those objectives.
OKRs can be used to track progress at the individual, team, or company level, and they offer several benefits. OKRs help to ensure that everyone is working towards the same goals. They provide a clear way to measure progress and identify areas of improvement. Additionally, OKRs can help to motivate employees by setting ambitious yet achievable goals. OKRs are a valuable tool for any business that wants to stay on track and improve its performance. Download Profit.co’s OKR book to get a brief knowledge about OKR
Here are 2 Good OKR Examples –
Objective 1 – Strengthen our corporate culture
Key Results
- Form a continuous two-way feedback loop via weekly surveys
- Maintain an average employee satisfaction score of 8.5 or higher
- Create & launch a new mentorship program by the end of December
Objective 2 – Improve Our SEO
Key Results
- Get 20 new inbound links from relevant websites Before January
- Improve our internal on-page optimization before December
- Improve our website loading speed before December
Why are the above OKR examples called Good?
The reason is that the above examples are SMART i.e Specific, Measurable, Achievable, Realistic, and Time-bound.
- OKRs should be Specific. This means that they should clearly define what you want to achieve. Vague or general objectives are unlikely to lead to successful outcomes.
- OKRs must be Measurable. If an objective cannot be quantified, it will be difficult to track progress and determine whether it has been achieved.
- OKRs should be Achievable. This means that OKRs should stretch your team but still be within the realm of possibility. Setting unrealistic goals will lead your way to failure.
- OKRs must be Realistic. This means that You should take into account the resources & constraints of your organization and then set OKRs accordingly.
- OKRs should be Time-bound. This means that they should have a clear deadline for completion.
OKRs that meet all of these criteria are more likely to lead to success than those that don’t. So if you’re looking to set up an effective OKR system for your business, make sure that your OKRs are SMART.
Here is a bad OKR Example that is not SMART-
Objective- Become the most company famous in India
Key Results-
- Improve the quality of products
- Launch Product in 10 new cities
Now, you know the difference between Bad and Good OKRs. Here are Some more tips to make your OKRs good-
- Make OKRs in collaboration with your team
- Conduct meetings and discuss why your goals are important
- Use team brainstorming for key results as well
- Tell your employees, not to be afraid to take risks
- Create engagement amongst the employees & talk about OKRs
- Ensure your OKRs are action-driven & providing a clear direction
- Don’t treat OKRs as a task
OKRs are a quite popular method of setting goals and measuring progress. However, many people find them difficult to set and achieve. The key to success is to make sure that all the important factors are taken into account. This means setting realistic goals, establishing clear metrics, and involving the right people in the process. With a little care and planning, it is easy to set good OKRs that will help you achieve your objectives.
If you’re looking for OKR software that will help you set Good OKRs, Huminos is the best option. It’s simple to use and it helps you set Good OKRs every time. Huminos gives you the tools you need to track your progress and stay on track. Also, It has integrations with slack & Microsoft Teams. Huminos makes the whole process easy so why wait? Try it now!
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