What Are The Benefits Of OKRs
Today, many reputable and prominent companies have adopted the use of OKRs goal-setting process. This means that it is a strategy that can bring about the success of your business. Through the OKRs, companies are able to powerfully bring out their goals. Therefore, the way the mission and vision of a particular company are brought put is such that it helps to engage the employees. When this happens, the top goals and priorities are understood to everyone.
For individuals who are new to OKRs, they may not know the reasons they should implement it. You, therefore, may not be sure whether or not to go ahead and start using OKRs. In this article, we explain the various benefits of OKRs.
The first benefit of OKRs is ensuring that there is a focus during the goal-setting process. When it comes to setting OKRs, you do not have so many options. Although you can always have more than a single objective, they will never exceed seven. When coming up with key results, they cannot be more than five. This means there will be less to focus on. This ensures that whatever you come up with will be really easy to focus on. You are also able to prioritize goals to ensure you have them in the order of urgency.
OKRs also enhance alignment. Once top objectives are determined and brought out for everyone, then it is time to work on their achievement. There is a shift from the planning process to the execution and implementation processes. The daily activities and operations in the company all purpose to meet the vision of the company. This is the actual alignment process. It is transition and linkage whose value cannot be ignored. Notably, companies that align highly end up performing really well. When companies are highly aligned, then the chances are high that they will bring out top performance.
OKRs also ensure that there is commitment. Commitment is what follows focus and alignment. Everyone has got to commit to the achievement of the OKRs. This means roles, schedules, as well as resources, will have to be adjusted to meet the set objectives. However, each of the team members has got to show their input towards OKRs achievements. Transparency and alignment help to ensure commitment.
OKRs also ensure that there is tracking. Since various metrics have been established, they should be sued for tracking every objective. Weekly checkups and tracking are preferred as opposed to daily ones. The process of tracking is essential and important and helps to ensure everyone, and everything is in check. Slippage becomes easy to prevent.
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