If you’ve been managing a business for a while now and don’t see enough results to prove you’re on the right path towards success, you may need to modify your strategy. One way to go about it is by developing firm Objectives and Key Results (OKRs) to better acquire the results you want to happen for your business.
However, if your organisation isn’t familiar with forming firm goals and objectives, you may have a complicated time getting used to the changes. OKRs are necessary because they can streamline your business procedures and provide more transparent methods for everyone to achieve the success you deserve.
Everyone must be on the same page at all times, so people know the importance of their roles. With OKRs, your company undergoes improvements and makes less room for errors—all while aiming for similar goals to streamline your efforts.
Keep reading below to find out ways to create and attain your OKRs accordingly for the future of your business.
Set Yourself Up for a Challenge
It’s not sufficient to have goals if they aren’t challenging enough to push you and your employees to reach for them. Individuals have better chances of learning if they get out of their comfort zone and face plenty of opportunities they never knew are out there.
According to science, the easier the objectives are, the lesser the efforts people make to accomplish them, as there is not enough thrill and motivation to do them. Similarly, don’t make your goals impossible to reach because it will only push people to stop trying altogether!
Aim to Inspire Other People
Laying down your company’s objectives is more than casually telling your team about it. You will need to perform an organisational alignment to inspire everyone you’re working with to aim for the same goals because it will benefit everyone involved in the end.
It isn’t enough to enumerate the goals you wish to attain—you have to show people how you want to reach them by utilising aspirational words that encourage your team to do better. Since you’ll be needing everyone’s cooperation, you want them to feel the same excitement you have for every progress you make and the outcome it provides.
Focus on Quality Than Quantity
When you have several objectives that you want your business to target, they won’t always indicate you’ll be more successful in the long run for achieving each one of them. Sometimes, it’s possible to have goals that don’t bring your business any good—but you just don’t know it yet.
As such, if you can, you should only set a fair amount of OKRs that’s within you, your team, and your company’s reach, allowing you to set your sights on only the most essential things. That way, you can manage time wisely, avoid making rash decisions, and accomplish what you want within the right timeframe.
Establish a Realistic Timeframe
Part of having objectives you want to target is to create a doable timeline of when you can expect to be done with your goals. It could be within a couple of weeks or several months, depending on if they’re short or long-term OKRs and if you can apply strategic agility well.
If your team contains strong-willed and determined members, setting a 2-month time frame may be a realistic example of becoming a successful firm. However, it will still depend on your willingness to get through the odds, collaborate effectively, and face deadlines on time.
No matter what industry you belong to, you can find endless businesses constantly evolving and seeking ways to change their tactics, improve their strategies, and develop better objectives. If you want to focus on OKRs for your organisation, you must know what you’re capable of doing first! Start with setting challenging yet attainable goals, inspiring your team, focusing on quality than quantity, and establishing a realistic timeline, so you know when to expect success.
Are you looking for ways to grow your business by setting OKRs? SKILLFIRE is a company that helps clients build remarkable outcomes by pushing for leadership development and providing alignment opportunities. We have an 8-Week OKR Quick Start Program that will drive serious business outcomes by identifying high impact OKRs that align your teams and enable them to grow your business.
You may check out our FREE training as well to get you started on your OKR journey!