It can be the start of a new year or the start of a new quarter for your business, whatever the case may be, the simple fact is that you must ensure to set goals and achieve them.
But what is the best way to do so?
Many companies turn to performance management tools such as OKRs. But you want to ensure that you use a performance management tool that makes sense for you and your organization.
Every system is different, and organizational cultures also vary excessively across the board. That means that one system might work well for
The tool that you use must help you move from one level within your organization and to the next stage of growth. That is how you can measure the value and the overall effectiveness of the specific performance management tool.
Now that you find yourself on this page on a mental level, you must ask yourself what is the best way forward in setting and meeting goals? Let us find out more about OKRs and if they can help you obtain your specific business goals.
How Do You Use OKRs to Obtain Business Goals?
The first point you must realize is how OKRs work within an organization. It is a term that breaks down into objectives and key results. You can set objectives and point out key results that help you get to these objectives. It should propel different people within your company to align under one mission and make goals that help your organization move forward.
Did you know that the concept of OKRs came about because of Andy Grove’s leadership, an Intel leader? Technology firms like Google would adopt this system to attain new heights and become the behemoth that it is today. Leaders like John Doerr have published books like Measure What Matters to tout the benefits of this method.
But how do you implement it within your organization?
The first key is to have a long-term vision and a short-term vision. If you can start with an idea of where you want to be by the end of the quarter and four quarters from now, you can work with all divisions to move to that goal.
That means that each department must understand these goals, and follow along by producing key results regularly. These key results must translate at the organizational level and the individual level.
While that is all well and good, it is easier said than done. As such, you must ensure to break your objectives and key results down into a simple fashion.
Objectives and Key Results On This Page Must Be Simple and Measurable
It is essential to realize that when you seek to turn the page to the next step in your organizational journey with OKRs, you must make sure to define many aspects in a specific way.
When a company is able to have that high-level vision while simultaneously understanding the specific, measurable activities that matter, and finally having regular communication and assessment of the overall progress, it can survive and thrive.
You can use OKRs to achieve your business goals when it comes to your organization. But you must ensure to have objectives or top priorities that people can coalesce around and only have a few of these every three months or so. Your goals must be tied to a timeframe, and they should be very action-oriented.
Finally, you must have over two deliverables or key results for each specific objective so that you can assess progress.
These simple tips help you to utilize OKRs to accomplish your business goals.