The landscape of business has never been more chaotic than it has these days. This is why being aligned about company objectives across the whole organization is crucial. Unfortunately, teams tend to focus too much on their priorities, struggling to commit and focus on a more general level. It leads them to stray from what's best for everyone in that they no longer have an awareness of their work's part in the business's top goals.
Many people try to find the best business coach in order to help that along. That said, there's the groundwork that can (and should) be done.
Metrics have to be measurable when it comes to business objectives and executions related to that. Primarily, the 'how', 'when', and 'who' factors. Clarity has to be prevalent throughout, alongside scalable and efficient ways to set, manage, and achieve organization-wide goals.
Objectives and Key Results (OKRs) are a key way to achieve just that.
The measurable goals that are adopted are usually SMART:
Take note that these goals must be reviewed frequently to assess whether they are on track or if there are any improvements to be made. Used properly, OKRs allow for measurable results and clear milestones. It highlights the objectives of an organization that need full-on focus.
Read on for key ways to make the most of OKRs' business impact.
New skill sets and processes have to be developed by your organization for OKRs to really work. That's why the leaders, who have the most influence, need to be the ones who kickstart changes. Enterprises that are quite sizable typically have issues with changes, so the top is the best place to start by default. OKRs are generally meant to actively aid in increasing accountability, providing clarity, and driving alignment.
That said, expect some resistance from certain executives given the new methodology. It's vital to guide them until they at least try out OKRs for themselves and their team. In this way, instead of having to continuously explain or try and draw an example, they will have their own experience to draw from.
If you reach out to a business coach, they will highlight the importance of communication. Transparency is the very foundation of OKRs because everyone can go the same way if they're clear on the target destination. It's particularly convenient nowadays thanks to technology; communication is more improved now amongst the following lines:
- Employees and managers
- Employees within the team and otherwise
- Executive to executive
Goal measurements, progress, and achievement can be shared in real-time with frequency. It allows for employees to be in an environment where they feel comfortable contributing and doing so at their best possible capacity. OKR deployment should have this at play from the get-go. Be sure to properly brief and train your managers.
OKRs play a key role in many businesses' success when deployed correctly. There has to be metrics that can be measured, typically SMART goals. Great ways to make the most of it include communication and getting top-level support.
Let a business coach in Alberta help you become your best version as an entrepreneur. Mitch Cammidge is a business coach that will support you as you bring your business to greater heights. Contact us today so we can discuss how we can help you!