What is a good example of OKR?

A good example of an OKR (Objectives and Key Results) could be a software company's objective of increasing user engagement by 25% in the next quarter. The corresponding key results could be to increase the number of daily active users by 15%, increase the number of sessions per user by 10%, and increase the average time spent on the platform by 5%. This OKR is specific, measurable, time-bound, and challenging yet achievable.

What is the best explanation for OKRs?

Objectives and Key Results, or OKRs, is a framework for setting goals that aid organizations in developing clear, challenging, and time-bound key results that can be used to gauge progress.

How would you explain what the OKR method is in one sentence?

The OKR method is a goal-setting and tracking strategy that organizes teams and individuals around clear objectives and important outcomes in order to promote focus, alignment, and quantifiable results.

What are the 2 components of OKR?

Objectives: Objectives are qualitative, inspirational statements that define what an organization or team aims to achieve. They are typically ambitious, time-bound, and provide direction. Key Results: Key Results are specific, measurable, and quantifiable outcomes that indicate progress toward the achievement of the objectives. They serve as benchmarks to track the success of the objectives.

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How to write OKRs with examples

Objective and Key Results
August 7, 2023

All businesses have objectives. These can occasionally be internal, like creating a fantastic culture. Sometimes they are internal objectives, like providing a wonderful experience for your customers. But achieving those goals takes more than putting your intentions out into the universe — you need a plan.

You need to understand how to write OKRs and if you’re wondering how to write OKRs that work, you’re in the right place. In this article, we’ll take you through:

The format of an OKR
What are good OKRs and bad ones
How to draft useful OKRs

So let's dive straight in!!

What are OKRs

OKRs, or Objectives and Key Results, is a goal-setting framework used by organizations to define and track their objectives and the outcomes they aim to achieve. OKRs provide a structured approach for setting and measuring goals, fostering alignment, transparency, and accountability within teams and across the organization.

OKRs ensure that an organization's leaders, teams, departments, and individual contributors are on the same page. Every stakeholder can prioritize tasks and projects and understand how their daily work contributes to the same overarching goals thanks to the OKR goal-setting framework.

Few tips to get started

Start small to test the framework.
Involve leaders and key stakeholders for support.
Provide training and resources for teams.
Focus on a limited number of objectives.
Craft specific and measurable key results.
Empower teams to set their own OKRs.
Schedule regular check-in meetings to review progress.
Celebrate achievements to motivate teams.

How do you set an OKR?

OKRs are among the easiest tools for almost every type of business when it comes to goal-setting frameworks.

Writing an OKR that works starts with an objective statement that is time-bound, goal-oriented, and actionable.

For example:

Then, as you work toward the goal, use key results to gauge your progress.

It's important to keep your key results concise, quantifiable, and actionable when writing them. There isn't a set formula for how many key outcomes an objective must have, but a good guideline is to aim for 3 to 5.

Here is an illustration of 3 important outcomes for the final goal mentioned above: