1. Familiarizing with the framework
If you’re new to this culture, the easiest first step to take would be to define your OKRs. Next, ask yourself the following questions- “What do I want from OKRs?”, “How is it going to help my organization?”, “What sort of goals are realistic?” and so on. This step ensures clarity and definition and will eventually help you set individual as well as team goals. It definitely takes a few hits and misses with the framework to completely figure out what works for your organization but once you are crystal clear on what OKRs represent and how they can be utilized for your convenience, it’s onwards and upwards for your team!
2. Setting a Vision
Once you’re done familiarizing yourself with OKRs, the second step to take is to set goals! Although setting goals might sound easy, it is important to remember that all your goals need to have a particular direction they’re flowing towards. This is where your vision comes into play. Having a vision and mission helps set goals that are in tandem with the entire organization and helps team members float on the same wavelength throughout. This enhances clarity and the business environment.
3. Measuring Impact
Time to take the “So What?” test!
Whenever you set a goal, ask yourself this question. Let’s look at a few examples.
Goal 1- Post this blog on the website
“So what? How is this going to impact the company’s social media?”
Goal 2- Refine the revenue model
“So what? Why is the current one not sufficient anymore? How is my new model going to serve its purpose?”
When you find the answers to these questions, you get clarity and a purpose for your goal and its impact on your organization. This saves valuable time. The “So What” test is a great hack used by marketing companies where they ask this question about three times before making any vital decision. Well, this could be a great hack for life too!
4. Taking a reality test
It is extremely crucial to focus on your goals and work accordingly. If a certain goal isn’t working for your team, don’t hesitate to tweak it. Stressing on a goal that doesn’t work is a waste of time and energy and a burden of its own. Similarly, don’t overload your plate. Deal with a realistic number of goals at a particular time. Remember, it’s always quality over quantity. Implementing the system of Moon-shot and Roof-shot objectives could give you some clarity. Moon-shot objectives are meant to be set beyond expectations, so they work even if only 70% of it is achieved. Roof-shot objectives are targets that are set at achieving 100%. Revenue targets are a viable example of a Roof-Shot Objective.
5. Patience is key
Revisiting an aforementioned point, OKRs always take hits and misses before you find your right fit. Hence, don’t get demotivated if it fails the first few times. What’s important is that you understand the workings and the scope of OKRs during the process. Having clear-cut, well-defined goals curated after days of patience and perseverance is always better than vague and ambiguous goals.