Today, many reputable and prominent companies have adopted the use of OKRs goal-setting process. This is a reflection that the OKRs strategy can be beneficial for businesses that aim at being successful. Through the OKRs, companies are able to powerfully bring out their goals. This way the mission and vision are crafted really well and this helps to engage the employees. This way, everyone is conversant with the top priorities of the organization.
If you have not yet adopted OKRs, you may be wondering what its benefits are. Every business needs to understand what OKRs is and how it can help to bring out the success of their business. In this article, we explain the various benefits of OKRs.
With OKRs, there is the focus when it comes to the goal-setting process. When it comes to setting OKRs, options are limited. Although most of the times, you will come up with more than a single objective, you can’t get more than seven. As with the key results, you will not have more than five. This means you will have fewer things to focus on. Focusing on the objectives will be really easy. Prioritizing will be easy when you have everything put in the order of urgency.
As well, with OKRs, you are able to achieve alignment. When the top-line objectives have been set and made aware to everyone, then this means that the work begins. The company now shifts away from the planning processes to execution and implementation. This, therefore, means that the daily activities in the company will be geared towards the vision of the company. This is the actual alignment process. It is transition and linkage whose value cannot be ignored. Notably, companies that align highly end up performing really well. When companies are highly aligned, then the chances are high that they will bring out top performance.
With OKRs comes about commitment. Once there has been focus and alignment, then the next thing is commitment. Everyone has got to commit to the achievement of the OKRs. The roles, schedules as well as the resources will all be directed towards these top priority objectives. Each team member will be required to show their commitment towards the OKRs. So long as there is transparency and alignment, commitment is really easy.
OKRs also ensure that there is tracking. It is vital that each objective is 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. There can never be space for slippage.
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