OKR stands for Objectives and Key Results. OKR is a popular performance management tool used by companies like Google, LinkedIn, Adobe, etc.
It is a goal-setting system that drives effective strategic planning and execution across the organization. OKRs are used to set ambitious goals, measure progress and align business strategies with the company vision.
Increasingly, OKRs are being used by small businesses because they provide structure around goal-setting while still allowing employees to set their own goals.
The concept is that company objectives are set at the highest level (say, growing revenue by 10%) and then broken down into departmental targets, with individual employees also developing their OKRs that contribute to those targets.
Factors to Consider When Choosing The Right OKR Software
OKR software handles this complex process in a way that’s manageable and easy to understand, but it’s not all created equally.
Here are three factors to consider when choosing OKR software for your business:
1. Do they Integrate With Other Software (Microsoft teams)
One of the essential features of OKR Software is how well it integrates with other solutions your organization is currently using. If you have to use multiple products for different parts of goal setting and tracking, it will be tough to manage the process and ensure everyone is on the same page.
The best OKR software solutions are built to work seamlessly with other tools. For instance, OKR for Microsoft Teams helps organizations track their projects from beginning to end without switching between screens or copying the information back and forth between programs.
2. How Big is Your Team
You need software that will handle all the objectives and key results of your entire organization. There’s nothing worse than adopting new technology only to discover months later that it doesn’t have the capabilities you need to succeed.
If you run a small business, there are probably quite a few OKR software options that will work for you. But if you run a large company with hundreds or thousands of employees across several departments, you need a robust platform that can accommodate multiple users and provide tools to keep everyone in sync.
3. Does The OKR Software Fit My Company Culture
If a company’s culture is not considered during the selection process, it can often lead to friction after implementation. The best OKR software embodies an organization’s core values and principles and reinforces them to help teams collaborate and be accountable.
For example, if a company prides itself on being transparent, then the OKR platform should encourage transparency for all employees to see each other’s progress and success. Or, if a company promotes innovation, there should be tools that make it easy for employees to share ideas and give feedback.
The Final Word
In the end, it all comes down to what you want to achieve with OKR software. Do you want something that will help your team execute? Do you want something that will allow you to track performance and set new goals? Or do you want something that will help you manage the entire process, from start to finish?
Once you know exactly what you’re looking for, then choosing the right software is just a matter of making sure that it has all of the features you need.