Objective and key results (OKRs) help in boosting engagement and efficacy by letting the managers know which team members are focused and engaged. OKR managers can use this data to create high-performing teams by engaging and empowering individual team members. This allows them to get better at their work and achieve company goals. These are a few other ways OKRs help companies get to the next level.
1. Focus on the End Game
OKRs help in forcing upfront choice-making. This is because you cannot have more than 7 organizational objectives at any given point of time. OKR focuses on limiting things. You cannot have more than 5 lines per objective. This allows people to understand the goals better and to prioritize their tasks in such a way that helps the company achieve those goals.
2. Alignment of Tasks
Once the focus on objectives is set, the fun part begins. You need top line objectives to be communicated to all levels of the organization for the real work to begin. Contributors and managers can align their everyday duties to the company’s broad vision. This allows the organization to think and function like one entity. Everybody is moving in one direction with a singular focus of achieving organizational goals.
3. Commitments Can be Tracked Transparently
OKRs allow for transparent tracking of commitments. Resources and schedules are aligned and adjusted to ensure they become deliverable. Each team member gets to create clear signals about how they are working towards achieving the OKRs. This can always be done through a Google Sheet. However, it is advised to visit profit.co and use one of their tracking tools. It allows for real time sharing of data among different team members.
4. Tracking Made Easy
OKR tracking from output to outcome makes the approach popular among management. Every OKR is easily trackable as per the metrics established when the OKRs were determined. Generally, companies prefer weekly tracking instead of daily tracking to prevent slippage. Tracking allows everyone to understand where they are in terms of meeting their goals. It is important for the team leaders to ensure that everyone is working at the same pace. And, to help the members that are unable to deliver.
5. Stretching the Limits
There is a reason why OKRs are implemented by most top organizations of the world – Netflix, Adobe and Google. The approach allows us to stretch the limits of a particular objective. OKRs are designed to push organizations to reach for the moon. This way they can still end up getting the stars. This drive and push is the biggest reason why organizations reach the next level.
Visit Profit.Co For Your OKR Needs
Conventionally, companies would set high level goals at the start of each year. However, they will forget to use tools that will help them track and achieve those goals. You should visit profit.co if you are interested in using OKR goal setting methodology for achieving your company goals. OKR tracking techniques on profit.co can help you stay aligned with exactly what you need.
