Goal setting exercises can help your team get to grips with the OKR process and how it all works. Business goals are a vital element in the success of any business. Without effective goal setting, a business has no roadmap to follow or even an idea of what the desired destination looks like.
If you’re new to OKRs, getting started with the process can be a daunting prospect. However, there are a few ways you can prepare yourself and your team to get stuck in with OKRs. In this article, we’ll show you the best goal setting exercises you can use to do just that.
What does the OKR process involve?
The OKR framework is a goal-setting tool that helps businesses achieve ambitious objectives. A typical goal setting exercise, using OKRs, would follow these steps:
- Pre-implementation introduction
A team introduction with an open forum discussion and OKR learning is a great way to kickstart the process. This will help everyone involved get to grips with the OKR basics and really buy into the goal management framework.
- Goal setting
The next step is to decide how you’ll measure success and determine the general structure and messaging behind OKRs.
In our OKR process, we help put this together with you (not for you). This will leave you with an OKR manifesto that will outline your organisational structure and the synchronisation of your newly founded OKR routines. This really is a vital part of ensuring OKRs have a strong foundation that can be built on.
This step is so important to enable monitoring and transparency across your organisation. Regular check-ins and reflections allow teams to stay on track and monitor confidence levels on achieving the OKRs. It will highlight anyone who is having difficulty and allow the chance for any issues to be resolved.
Using a goal setting journal throughout the process to track progress will provide clarity during the measurement stage.
An internal OKR champion is vital to keeping teams on track. By carrying out OKR training the champion will have the skills required to manage the growth journey and support others in writing awesome OKRs.
Goal setting templates and tools
There are plenty of goal setting exercises and tools to help new users successfully implement OKRs within an organisation. The OKR process itself is a type of goal setting template that you can use for your business. However, there are also some additional tools you can use with your OKRs to gain a deeper understanding and further your progress. Here are some of our top recommendations:
- TBG OKR health check:
Our OKR health check tick list will help you see if you’re taking the right steps to make sure your OKRs will deliver sustainable growth.
- TBG OKR tool kit:
This toolkit contains everything you’ll need to get going with your first set of OKRs. Check out the tool kit here.
- TBG guides:
We have plenty of helpful OKR guides for beginners and for the implementation of OKRs. This will help you along each step of the journey.
- Koan software:
Koan offers a great, free place to store OKRs that encourages teams to do weekly reflections on their progress. The team also offers a goal setting template.
- Ally.io software:
The Ally.io software connects each individual employee’s projects and key results to the company’s most important objectives using the OKR framework.
- TBG Podcast:
If after this you’re still hungry for more OKR information, our weekly podcast stars guests who have a wealth of experience in implementing OKRs. You’re sure to pick up a thing or two here.
Benefits of goal setting exercises for businesses
Getting your team’s creative juices flowing with these goal setting exercises can benefit your business in many ways. This and setting business goals have many advantages. The main being that it allows you to establish exactly what you want to achieve. Alongside that, goal setting also:
- Increases focus
- Helps measure success
- Improves employee motivation and engagement
- Increases alignment within teams and the organisation
- Gives space for autonomy and freedom for people to reach goals how they feel best
- Highlights areas for employee development
Without goal setting exercises, you are simply going into business blindly and hoping for the best! OKRs allow teams to set goals that don’t get left behind. If you need help implementing OKRs within your team, book a call with one of our giants today.