“To win in the global marketplace, organizations need to be nimbler than ever before,” says John Doerr in his book, “Measure What Matters.” Have you ever given any thought to how your organization may become more agile? Yes, using OKR technique is essential. That is why we want to concentrate on “how to write OKRs.” Because your well-written OKRs will be your friend as you pursue success.
The definition of “value” is continually changing in today’s world of ever-increasing change and uncertainty, making it essential to set targets flexibly. The “OKR” method allows for the determination of organizationally more focused, better aligned, and continuously updated goals, making it possible to adapt to change much more efficiently.
We are all aware that OKRs are important. What about “how to write OKRs?”
If you made the bold decision to manage your company on OKRs, you should think about how to write OKRs. The OKR formula is explained as follows:
Defined as “Objectives and Key Results,” OKRs are designed to help you answer two different questions:
- HOW do I get there?
- HOW will I know I’ve gotten there?
There is a standard formula for goal setting through OKRs:
I will achieve (objective) measured by (key result)
Now, you know how to write OKRs. Identifying your objectives is the next stage. Become alert! You can also be identified by your goals.
You can make use of this formula when writing OKRs:
Verb + clauses of purpose + what you want to achieve
Setting more specific objectives can help you achieve your OKRs and ensure that you have the time and resources necessary.
Make sure your objective meets the following criteria while formulating it:
- It’s ambitious and inspiring.
- It’s concrete.
- It’s action-oriented.
- It’s not vague.
It’s possible that the OKRs you created always be successful. This is expected and should occur occasionally. When that occurs, they must be changed or removed.
Yes, it can be a little daunting to start anew. But this is just one step in a longer process. This contributes to OKR’s flexibility. The nature of OKR lends itself to agility.
“Having a fit body next summer.”
“Becoming a profitable business to create value for the shareholders.”
“Making our customers admire our support team.”
“Making a solid entry to the European market.”
“Creating a strong employer brand and being the preferred company.”
You can now begin by outlining three to five sample goals you want to concentrate on throughout the near term. Remember that your objectives should be specific, impact-oriented, and challenging!
Define Key Results
Remember, Key Results must be measurable, and time-bound.
It should be clear whether Key Results are occurring.
You should add Key Results based on the limits set per goal to ensure you get focus and prioritization.
This formula can help while defining your Key Results;
Verb + what you are going to measure + from X to Y
There are two types of the key results;
Metric: (most common) Tracks quantitative results designed to measure success on a goal.
Milestone: It’s used for improvement. In cases where it does not contain numerical expressions, it should be clear, even for someone who is not in that position. Whether it was realized or not should be open to debate.
Now, you know how to write OKRs! Identify your priorities, put them in order and start writing!