Ayoa’s OKR template allows you to easily manage business objectives and implement strategies in an actionable, measurable way.
Originally used by Google in 1999, the acronym OKR stands for Objectives and Key Results. OKR is a collaborative goal-setting framework used by teams and individuals to set goals with measurable results. The idea is that an individual or team will use the OKR framework to set several objectives to be completed during a specified timeframe. For each objective, there will be a number of key results that will allow you to quantify whether these objectives have been achieved.
By using OKRs within your team and wider business, you will be able to easily and effectively track progress, encourage engagement and create alignment across your departments and teams. One of the most important benefits of the OKR framework is that they increase clarity and manage expectations. Because they are collaborative and often shared with the wider company, everyone has a shared understanding of what one team or individual plans to achieve over a set timeframe. Unlike traditional long-term strategy planning, OKRs often cover shorter goal cycles, making them more flexible and adaptable.
As well as being more agile, OKRs ensure accountability among teams and team leaders by encouraging bottom-up goal setting.
You can use Ayoa’s OKR template to set goals for individuals or whole teams. However, it is recommended that all or most of the OKRs are set by team members themselves and not by their managers as this encourages accountability and can be more motivational. Discover how to use our template below.
To access the template, sign up to Ayoa for free. Once you've signed up, navigate to the homepage to create a new whiteboard, mind map or task board and choose this template from the library.
Set a timeframe. This will usually be monthly but could be every 6-8 weeks, quarterly or even annually depending on your business culture and type.
Choose your first Objective. This should in some way contribute towards your overall business goals and objectives.
Identify the Key Results that will allow you to measure the progress and performance of your objective and add these to the template using sticky notes. This may incorporate key performance indicators (KPIs). You should aim to set around three to five Key Results for each Objective.
Repeat steps three and four for each of your Objectives. Somewhere between two and four Objectives is recommended for each team or individual.
Assign a weighting to each of your objectives by giving it a number between 0 and 1. For instance, if you have three objectives each weighted at 0.33, they are all equally important. However, if one of your objectives is assigned 0.5 then that objective represents half of your goals in terms of importance.
As you begin to work through your OKRs, use the ‘Outcome’ boxes to indicate any progress you have made. These should be completed at the end of the specified timeframe to show whether each key result was met. You can use this to help you set your OKRs for the next cycle.