The Benefits Of OKRs
Today, many reputable and prominent companies have adopted the use of OKRs goal-setting process. OKRs can, therefore, be helpful and assist businesses to achieve success. The OKRs strategy works for ensuring that companies are in a position to express their goals powerfully. Therefore, the way the mission and vision of a particular company are brought put is such that it helps to engage the employees. When this happens, the top goals and priorities are understood to everyone.
For individuals who are new to OKRs, they may not know the reasons they should implement it. It is thus essential and critical that businesses understand the meaning of OKRs and its role in their business. In this article, we explain the various benefits of OKRs.
The first benefit of OKRs is ensuring that there is a focus during the goal-setting process. When it comes to setting OKRs, you do not have so many options. Although you can always have more than a single objective, they will never exceed seven. When coming up with key results, they can never exceed five. As a result, you’ve got fewer to focus on. This ensures that whatever you come up with will be really easy to focus on. Prioritizing will be easy when you have everything put in the order of urgency.
Alignment also becomes easy with OKRs. When the top-line objectives have been set and made aware to everyone, then this means that the work begins. There is a shift from the planning process to the execution and implementation processes. Everyone ties their daily activities to the vision of the company. This is how the alignment process occurs. this transition can never be ignored. Companies that are highly aligned always end up being top performers.
With OKRs comes about commitment. There has to be commitment after focus and alignment. Commitment is required from everybody in the company. The roles, schedules as well as the resources will all be directed towards these top priority objectives. However, each of the team members has got to show their input towards OKRs achievements. Transparency and alignment help to ensure commitment.
With OKRs, there is also the tracking process. Every objective requires to be tracked with the use of the various metrics set. Weekly checkups and tracking are preferred as opposed to daily ones. Tracking is vital to keep everything and everyone in check. Slippage becomes easy to prevent.
You could check an okr software.