Company OKR Example

Do you want to create a clear and focused plan for achieving your company's objectives? Then it is time to develop effective Company OKRs. OKRs (Objectives and Key Results) are a powerful tool for setting and achieving your company's goals, and they can assist in keeping everyone on the same page. We'll walk you through the creation of effective company OKRs.

Step 1: Determine the Company's Goals.
Identifying your organisation's overarching goals and objectives is the first step in developing effective company OKRs. This is an excellent opportunity to align your company's vision and mission with both short- and long-term goals. Make certain that your company's objectives are both ambitious and attainable.

Step 2: Work with Stakeholders.
Company OKRs are not solely the responsibility of one individual or department. Instead, they should be a joint effort involving all relevant departments, teams, and individuals. Encourage open communication and input from all stakeholders to ensure that everyone has a say in the process.

Step 3: Set specific, measurable, attainable, relevant, and time-bound goals (SMART).
Once your company's objectives have been established, it's time to translate them into specific, measurable, attainable, relevant, and time-bound (SMART) goals. Your objectives will be clear, meaningful, and attainable if you use SMART goals. This ensures that everyone is working towards the same goal and is aware of their role in achieving it.

Step 4: Prioritise Objectives.
Once your objectives have been established, it is critical to prioritise them and focus on what is most important for the company to achieve its objectives. Because not all objectives are created equal, take the time to identify which are the most important for your company's success.

Step 5: Outline the Key Results.
Key results are specific, measurable actions or outcomes that demonstrate progress towards an objective. They must be specific, measurable, and actionable. Everyone is more focused and motivated when they can see how they are progressing towards the company's goals.

Step 6: Conduct regular reviews and revisions.
OKRs are not intended to be rigid. Regularly review and revise them to ensure they remain relevant and aligned with the company's goals. This ensures that your organization's OKRs continue to be effective and contribute to its success.

Step 7: Communicate and Celebrate Your Victory.
Finally, it is critical to regularly communicate and celebrate progress. This helps to keep everyone focused and motivated while also cultivating a positive and engaged team culture. Celebrating small victories is an excellent way to recognise everyone's hard work and effort.

Writing effective company OKRs is a powerful tool for setting and meeting your company's goals. You can ensure that your company's OKRs are relevant, attainable, and aligned with its vision by following these steps. Begin creating your company's OKRs today, and watch your team collaborate to build a better future.

Here are some examples of company OKRs; please feel free to use them in your organisations.

Delight our customers
Key results
1
Increase NPS score from 8 to 9 by this year
2
Decrease average response time for customer queries from 2 hrs to 30 mins
3
Identify the top 10 issues of our customers and resolve them by this year
Expand our sales region to Europe and Asia
Key results
1
Identify channel partner in Europe and Asia by this Q2
2
Hire 10 dedicated sales team members for new territory by this Q3
3
Spend $50K for promotion every quarter for each region
4
Open 5 offices in the new territory by this Q2
Increase our revenue
Key results
1
Increase average deal value by 10%
2
Expand sales territory by 30%
3
Launch a new product by Q2
4
Improve customer acquisition with new Sales process
Reduce the operating cost to record levels in respect to revenue
Key results
1
Reduce the marketing expenses by 30% with automation tools
2
Hire SEO analyst and focus on organic leads instead of PPC
3
Reduce business travel expenses by 60% ,instead organise virtual meet
4
Switch 70% of employees to remote work
Launch a new product by third quarter
Key results
1
Understand customers pain points through customer council meetings and surveys
2
Shortlist top items and complete product design by first quarter
3
Release beta version by second quarter
4
Create an anticipation by pre-marketing before third quarter
5
Release full version by end of third quarter
Increase the recurring revenue
Key results
1
Increase the MMR by 10% with upsell
2
Convert 15% of monthly subscription to annual subscription
3
Increase the annual subscription by 10% with exciting offers
4
Reduce churn to 3%
Raise $10M in funding
Key results
1
Shortlist 15 Venture Capitalists
2
Setup meetings with at least 10 VC firms
3
Secure 5 term sheets