May 10, 2021
OKR Framework: We Need more Alignment and Transparency Now!
The Objectives and Key Results (OKRs) framework is a powerful tool to set and communicate goals across the organization effectively. OKRs drive focus and clarity, enabling individuals and teams to align with the shared business objectives, recognize their priorities, and ultimately achieve measurable results. Alignment and transparency are two critical aspects of an OKR framework to ensure that everyone moves in a unified direction and adopts the right rhythm to unlock performance impact and business success.
Organizations prefer creating a smaller set of shared goals for a given timeframe- may be monthly, quarterly, or yearly. This brings a clear focus on what matters the most and ensures prioritization of every objective at every level. Also, OKRs set on a quarterly, or monthly basis are easier to review, improving the scope for every employee to perform better at work. Overall, the OKR framework imbibes a culture where everyone contributes towards achieving the company’s mission and adopts measures to drive improved results. Few practices that organizations must follow to create alignment, and encourage transparency with the OKR framework include
- Foster Communication through Check-ins
- Set Cross-functional Team OKRs
- Two-way Communication to keep up with Change
One significant way to ensure alignment between the teams is to build communication. When a company sets OKRs at the beginning of a quarter, it is essential to measure the outcomes at the end of the quarter to analyze whether the objectives are met. One way to assess OKRs is by conducting regular check-ins to keep everyone aligned. Frequent team status updates, one-on-one discussions with the managers, and OKR review meetings are some of the ways to make sure that everyone is aligned, connected, and moving in the right direction.
The powerful employee goal-setting framework also helps to create alignment through cross-functional OKRs. For instance, while writing objectives for the Marketing department, organizations can also funnel down the common goals, which are also crucial for the Sales vertical. This imbibes a sense of collaboration and improves engagement between the teams, ensuring the end goal for the company is successfully achieved.
The third important aspect is to ensure that managers maintain transparency while reviewing OKRs and communicate changes to company-level OKRs. It is necessary for employees to frequently ask questions during weekly or monthly check-ins about their overall progress and whether the expected outcomes are achieved. Also, this serves as a chance for supervisors to assess OKRs, update existing ones, and communicate changes at the company level to keep everyone aligned and focused.
In a nutshell, organizations utilize the OKR framework to bring alignment and transparency while fulfilling the company’s mission and purpose. By following the above practices, companies can ensure that overall objectives are achieved, and outcomes are timely tracked. Unlock:OKR is a powerful goal setting and performance improvement tool that helps to prioritize the company’s goals, bridge the gap between strategy and execution, and ultimately build an agile system. To make a strong case for your business, you can Book a Demo and explore the features and benefits of Unlock:OKR.