OKR Dash is a free dashboard and tracking tool for managing your OKRs. Simply enter all your Objectives, quickly update Key Results as you go and visualise your progress over time.
To really succeed with OKRs you need clear visibility of everyone's goals and how they connect, to drive focus. And that's exactly why we made OKR Dash.
(Plus, it's free!)
If you get your OKRs right, they are so much more powerful. Word them wrong, and they just won't have the impact you want. These real examples will help you figure out what good looks like.
Objectives and Key Results are very simple on the surface. An aspirational, qualitative objective that describes the outcome you want to achieve. And specific, measurable key results that indicate when you've actually achieved it.
So why are they so hard to write?
Firstly because they're subjective. One person's "good" might not match another person's idea of "good", so even if your OKRs are actually well written, it might not seem like it because everyone's still debating them.
Secondly because they're often trying to describe something that is unknown. You may not know exactly what outcome you want, and you may not know exactly what it looks like in advance, and so even well written OKRs could leave people feeling uncertain.
Thirdly because the difference between outcomes and outputs is not immediately obvious to everyone, and takes some practice to get right.
Fourthly because they're written collaboratively, so everyone might have a slightly different idea of what the right outcome is, so you end up going round in circles because you can't agree and it feels difficult. (although this is actually OK and collaboration is encouraged! see below).
Lastly because you're limited by what you can measure, so sometimes you can't set a target on what you really want simply because you couldn't measure it if you tried.
Great OKRs are motivational. They create an energy and excitement towards achieving a tangible outcome that is valuable for customers and the business.
They drive alignment across teams and departments, because everyone was involved in setting them and buying into the goals, and agreeing what is on the table and most importantly what is not!
You'll have clarity on outcomes that you're trying to achieve so it's obvious when you actually achieve them, and you can be certain whether what you've done is working or not, and whether you need to iterate or pivot.
Great OKRs leave flexibility for changing the actual solution, as long as the outcome is still acheived.
When the KRs are right you can see clear progress against them, which is motivational and creates focus to keep making more progress.
Lastly, OKRs are all about learning: even if you don't succeed, you will have tried to achieve something clear and specific and valuable, and if you haven't, you will have at least learned why not.
In other words - it's extremely valuable to practice writing OKRs and improve them!
Sidenote: after you've written them, you can use an OKR template to help when you're presenting your OKRs.
Too many Os: try not to have more than 3, they should capture the biggest and most important and most valuable things you can work on in a quarter.
Too many KRs: try not to have more than 3 per objective. You don't need to have every single metric, just the key ones that are the strongest measures of success. Perhaps 1 guardrail metric if there's a big risk of something going wrong. You can still watch other metrics of course, but they just don't feature in your KRs.
Too long or short wording: you need enough explanation that the message and intent of the OKR is properly communicated, but not so much that it turns into paragraphs of text. Save that for a one-pager or other documentation.
Outputs not outcomes: don't describe things that you'll deliver, describe things that will happen as a result of that delivery.
Not describing value that's clear to everyone: if people read your objective and think, "so what?", then the value is not clear. It's got to be obvious why achieving this objective is valuable to either customers or the business.
Not specific enough KRs: if they're not precise, they're not useful.
Unclear targets on KRs: part of being precise is having a specific target. You could phrase it as "increase metric X from Y to Z", that way you give context about the size of the increase and the current value.
Prescribed solutions: OKRs shouldn't list actual features (very rarely that's OK), otherwise you're committed to that thing but you might learn along the way that building something else is better.
Too many deliverables, not enough measures: don't just list things that you'll do or build because what if you do all that work and nothing happens? List metrics that will move when you take action.
KRs are not obviously linked to the objective, or not understandable: most of the time your OKR needs to be readable by people outside your team, so make sure they understand what you're measuring.
KRs can't be measured: if you can't measure a KR because you don't have the data or the impact is too lagging to be seen in-quarter, pick something else.
Here's an example of an e-commerce shop selling shoes...
O: sell more shoes |
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KR1: volume of shoes sold KR2: run discount campaign on white trainers KR3: old stock from last year is cluttering up the warehouse |
Here's an example OKR for a SaaS product...
O: when customers register for an account, they are in the best frame of mind for spending time inputting all their information and so this is when we should be gathering as much data as possible |
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KR1: 1000 registrations KR2: show a message encouraging people to give us their information KR3: customers give us 100% of their information |
Let's revisit the example of an e-commerce shop selling shoes...
O: customers are able to easily find all the shoes they're interested in buying |
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KR1: increase sales volume from 1000 to 1500 pairs KR2: increase number of product pages viewed per session from 3 to 5 KR3: decrease no results in search from 10% to 5% |
And let's revisit the example for a SaaS product...
O: enable highly effective marketing campaigns through detailed profiles of new users |
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KR1: increase % of customer profiles with additional data from 25% to 60% KR2: gather 5 new data points to suit upcoming marketing campaigns KR3: maintain registration success rate at 78% or above KR4: achieve 5% conversion rate from a new marketing campaign |
Lastly, here's a new example for a gaming app...
O: all new users experience the excitement of winning and so stick around to do it again |
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KR1: increase win-rate for users retained on day 7 from 70% to 100% KR2: day 8 retention stays flat; with total post-win retention at 90% KR3: increase day 30 retention from 20% to 40% |
What do you think? Could you improve these OKR examples even further? Give it a try!
You've now got a solid understanding of what makes the best OKR examples (or worst!), and the example key results should help you to craft your own.
Try out a free OKR dashboard for tracking your OKRs and visualising progress through the quarter.
Published: 03 Sep 2024 • OKRsKey ResultsExamplesBest practiceWriting