Why your business needs an OKR software
OKR software helps teams to set, share, and measure strategic goals, both at a team and an individual level. An OKR system provides a better way of tracking OKRs than informal messaging or irregular meetings. OKR software also provides a centralized place to record and share progress.
OKRs stands for objectives and key results. It is a goal-setting framework used by successful companies like Google, LinkedIn, and Intel. An objective is a goal you would like to reach, while key results describe the metrics you will use to measure progress towards that goal.
Aside from the world’s biggest companies using OKRs to achieve their goals (including Wrike), there are many benefits to using them. OKRs promote disciplined, focused thinking and help teams to plan strategically for the future. They also help define the exact steps needed in order to achieve goals and bring better transparency across teams on what the top priorities are.
Our blog post on OKR quarterly planning gives several detailed examples of high-quality OKRs. The OKR will depend on whether it’s a company, department, team, or individual goal. Here is an example:
Company objective: To become the world’s most used collaborative work management software.
Key result 1: To run a focus group of 20 users to find and address any bugs or missing features.
Key result 2: To launch a new mobile app.
Key results 3: To achieve a #1 ranking on three review sites (G2, Capterra, TrustRadius).
Our content team has written extensively about OKRs and how best to use them. Here are a few of our best picks: