August 17, 2021
Achieve More every Quarter with OKR Goal-setting Framework
Objectives and Key Results (OKRs) is a popular goal-setting methodology that enables organizations to facilitate innovation and growth. It is an improvement-focused goal-setting framework, which means that defined objectives do not indicate the business-as-usual goals but highlight what needs to be changed or improved. Quantifying aspirations helps you define bold and achievable goals that strive for innovation and excellence. While some goals can be straightforward, others may strive for creativity and strategic planning to achieve measurable business results.
The goal-setting process using OKRs starts when the company CEO or senior leadership defines the top-level objectives- focusing on the overall mission, goal, and purpose. Further, company OKRs are communicated down at team and individual levels, keeping everyone aligned and shift focus on the improvement areas within a month, quarter, or year.
The global pandemic has made every organization realize that conscientious long-term plans, that are not flexible, are a waste of effort. This does not mean that long-term goals are not helpful. Organizations must have an ultimate vision that can be translated into long-term annual goals. Companies need to break down yearly goals into smaller, quarterly objectives, providing a clearer picture of the company’s vision to every team, department, or functional unit.
For successful progress tracking, organizations prefer quarterly goal-setting with the OKR framework. In fact, three months is good enough for employees to monitor progress towards goal accomplishments and refresh their OKRs for the next quarter. This also makes sure that each team member has clarity on the business priorities and contributes to the company’s growth and overall success.
If your company or its employees link OKRs with annual performance review cycles, they incentivize goals that can be easily attained. With quantification, the OKR goal-setting framework helps benchmark and identify areas of improvement in terms of engagement, alignment, focus, and ultimately measure success.
In a nutshell, if you want to set and commit to your business goals, then it is essential to choose the right cadence and focus on the priorities. It would be best not to wait till the end of the quarter to evaluate OKR progress. Weekly/monthly check-ins to discuss the most important goals and overall OKR engagement can make all the difference. As a result, learning from mistakes and experiences can lead to improved growth, better connection, and a more significant business impact.
When employees have the clarity of the business strategy and plans, they feel more empowered and motivated to execute them, thus achieving better results. Unlock:OKR can prove to be the most powerful goal-setting framework to empower employees and thrive within the changing business environment.
Want to know how this effective OKR tool can help you achieve more quarter by quarter? Try a free demo of Unlock:OKR and explore its unique superpowers- Focus, Alignment, Rhythm, and Agility to shift your mindset from output to outcomes and unlock success.