OKRs is a strategy that is used in management to set goals in an organization. It is popularly referred to us the objectives and key results system. This strategy enables the company, the teams and personal goals to be connected to measurable results. This is achieved by bringing all team leaders and team members to work together uniformly. Any company wishing to succeed must employ the ORK strategy. To implement the OKRs you need a specialized OKR software.
One objective of the ORK is to make sure that everyone in the organization has a better understanding of what is expected of him or her at work. In order to ensure that everyone in the organization is working towards the same goals, the OKRS should be made public to everyone. This enables everyone to understand each other and also to work towards achieving the same company goals.
OKRs are used worldwide by everyone including the small and medium enterprises and big organizations. Examples of companies who use the OKRs include Google company, twitter, oracle among others.OKRs need to be implemented by an online software tool like the weekdone for it to be successful. You should identify ambitious and qualitative objectives that are time-bound and can be implemented by the persons at hand. After this, you are to identify some measurable results under each objective. The results must be achievable and quantifiable and not impossible to obtain. The OKR results can be based on the performance or growth.
You are supposed to be flexible when using the OKRs. This can be done by regularly reviewing the OKRs when needed. You should change the OKRs if you feel the company or team goals are changing. OKRs are very simple to use since they do not take much time when being implemented. You should always follow the guidelines in the software while setting up the OKRs.
The OKRs will help you to make better decisions for your company. This is because you are able to monitor everything and also gather factual data. You are able to quickly recognize something that is underperforming and quickly take action before it leads to a much bigger problem in your organization. Also by using the OKRs, you are able to engage all your employees and also inspire them. By this, the employees will work extra hard in order to achieve the set goals.
In conclusion, it is very essential for an organization to use the objectives and key results strategy in order to achieve their desired goals and increase productivity. Read more here: https://en.wikipedia.org/wiki/Podcast.
