Nowadays, more and more global and successful organizations are using OKRs (Objectives and Key Results) and tools like OKR software. Companies such as Google, Oracle, and more use OKRs because they deliver powerful results: profit, company growth, and an engaged workforce. And they’re not the only ones – this list names many more leading organizations that are catching on to the success that OKRs can help them achieve.
With the increasing amount of executives seeking OKR solutions, there is an upsurge of SaaS companies providing OKR software. As a result, the question that busy managers and executives are asking is: How do I know which OKR software is the best?
While OKR software may not be a one-size-fits-all solution due to the fact that every business has unique needs, the best OKR solutions will always have a few main components. When searching for an OKR tool to meet the needs of your company, make sure that it has the following 7 components, first and foremost:
1. No Cumbersome Spreadsheets or Shared Docs (Which Nobody Looks At)
The best OKR software will make your life easier, will save you time and will save you money from the time wasted to update shared spreadsheets to track all the goals.
2. Focus on true OKR Goals (not tasks or activities)
Real OKR software is rare and allows you to create real OKRs with real alignment capabilities. It works by keeping all parties aligned and focused on their Objectives and their supporting Key Results.
3. Visualize Goal Alignment
To be better aligned and focused on company goals, most teams need better and easier way to visualize how goals are aligned. This is one of the key benefits of OKR software that can do this.
4. Flexibility for Goal Revision
One aspect that makes OKRs so powerful is the ability to track them as you go along – and make any changes as needed. If you’re halfway through a quarter and you’re finding that you need to scrap an Objective entirely or hold off until next quarter because it just isn’t feasible right now, your software should allow for necessary revisions. By nature, OKRs are agile, so your software should be, too.
5. Accessibility for Everyone
OKRs work by aligning all contributors’ efforts to support enterprise goals. The success of those goals depends on team members’ ability to access real-time information about how others’ progress is coming along. That way, when multiple teams are all working towards a common initiative, they can plan accordingly by checking in on progress interdepartmentally. Your OKR software should provide a line of sight for everyone to see team and individual goals throughout the organization.
6. Transparency and Discipline
To build off the above point, visibility into individual and team OKRs doesn’t just make it easier to plan. It also creates a culture of transparency and instills a sense of discipline in your organization. When employees know that their progress can be observed by virtually anyone – not just managers but peers as well – they’ll be more likely to maintain a sense of self-imposed accountability to complete their Objectives on time. Again, make sure that your OKR software includes a feature that supports organizational transparency.
7. Built from the Ground Up for OKR Goals
To leverage your OKR process to make it as successful as possible, you can’t cut corners. Some businesses may try to implement a type of goal setting software that’s similar in concept to OKR software, but without the specific tools and functionalities needed to fully support OKR goal setting, you won’t be able to support all of the crucial OKR components listed above. So, it may sound obvious, but it’s an important point that should not be overlooked: when considering OKR software, make sure that what you’re purchasing truly is OKR software. It should not be a task tracker, CRM, survey software, or another type of management tool. While each of those solutions have their own distinct purposes and are certainly valuable in most workplaces, they cannot achieve the type of functions necessary to support OKR goal setting, tracking, and measurement.
Source: 7 Benefits of Using OKR Software