OKRs (Objectives and Key Results) are a popular tool that many companies use to measure and track progress.
By setting OKRs, organisations can ensure that everyone is working towards the same goals and that progress is being made continuously.
In addition, OKR can help to identify areas where improvements need to be made.
Also, OKRs can help to motivate employees by providing a sense of ownership and responsibility for results.
When used properly, OKRs can be extremely effective in helping businesses achieve their goals. OKRs can help businesses to identify areas of improvement and make necessary adjustments.
Examples Of Good And Bad OKRs-
Let’s say we want to build our marketing channels to help grow our brand.
Let’s set an objective- We will make our company’s Instagram channel go viral
This is a good objective as it’s written in clear language and is simply aligning with your company’s goals of building an audience.
- Let’s Now Look at Good Key Results(OKR should look like this):
1. To generate 2,00,000 views on our Instagram page by December
2. To get 10k new followers on YouTube by June end
3. To get 3 Social media marketing interns for handling and growing Instagram to the next level
4. Make at least 100 reels and follow the trend rigorously
The above key results are good as they are specific, time-bound, simple, clear and can be measured easily.
- Let’s Now Look At Bad Key Results For This Objective:
1. Make videos for Instagram,
2. Get more Instagram followers
3. Improve our reels and posts
The above key results are bad as they are not specific and not measurable, and are more like poorly framed tasks and don’t even have a deadline.
Some Tips-
- Try to have 3-4 key results per objective,
- Objectives should be specific,
- OKRs should be SMART,
- OKR tracking must be done constantly,
- If you have never set OKRs then, Keep it simple until you get the hang of it,
- OKRs are typically not related to performance and compensation, so don’t get confused,
- OKRs are best set at the team level, so try setting them that way.
- OKRs must be transparent & properly aligned,
- Objectives must be quantifiable so that progress can be tracked and reported.
Setting objectives and key results is an important part of any organisation, yet it can be difficult to know what makes a good OKR.
How can you tell if your objectives are too easy or too ambitious?
What happens if you achieve your goal, but not all of your key results?
Fortunately, there are a few guidelines you can follow to ensure that your OKRs are on the right track.
First, make sure that your objectives are specific and measurable. Good objectives should be able to be quantified so that you can tell whether or not you’re on track to achieve them.
Second, ensure that your key results are realistic and achievable. Setting goals that challenge you without being impossible to reach is important.
Finally, ensure that your objectives and key results are aligned with your organization’s overall strategy.
By taking the time to consider these factors, you can be sure that your OKRs are supporting your company’s growth.
If you’re looking for a way to set and achieve good OKRs, then Huminos is the software for you.
With Huminos, you can easily track your progress and ensure that you’re staying on track.
Additionally, Huminos provides resources and templates that can help you get started with setting OKRs. Overall, Huminos is the best software for setting and achieving good OKRs.
