Do you know that 93% of software businesses use SaaS in 2022? Well, that is not surprising. With SaaS, software companies could deliver their products over the internet, saving on shipping costs and allowing for more accessible updates.
It was a game-changer. Of course, not everyone was thrilled with the idea 😱
Times are changing and SaaS is here to stay🚀.
Instead of going to the store to buy software, you could sign up for a subscription and access it from anywhere in the world. And with the rise of cloud computing, SaaS has only become more popular.
Let’s now see what role OKR plays in SaaS companies
OKRs stands for Objectives and Key Result s. They are a goal-setting framework used by businesses and organizations to align individuals and teams toward a common goal.
- The objective is the goal you want to achieve
- Key results are the measurable outcomes that help you track your progress toward that goal.
- OKRs are typically set for a specific period, such as a quarter or a year, and are reviewed and updated regularly to ensure progress is being made.
- OKRs are ambitious but achievable
Why are OKRs important for SaaS🤔?
OKRs (Objectives and Key Results) are essential for SaaS (Software-as-a-Service) companies for several reasons:
✅SaaS companies typically have cross-functional teams working on different aspects of the product or service.
✅OKRs help align these teams towards common goals, ensuring everyone is working towards the same objectives and key results.
Focusing on outcomes