Strategy execution software could be the tool you need to take your business to new heights and hit your objectives. Effective strategy execution is important as it involves the implementation of a strategic plan in a bid to reach your organisational goals.
Business strategy execution is no mean feat, for those who have tried to execute strategy it will come as no surprise to find out that more than 60% of strategies are not successfully implemented. So, how can you increase your chances of success when it comes to strategy execution? That’s where software comes in.
Strategy execution and OKRs
The OKR methodology is a popular strategy implementation framework. By using OKRs, you can benefit from:
- Increased engagement
- Improved focus
Each objective and it’s key results are stepping stones towards achieving your broader business strategy. It’s important to understand this difference and that strategy is clearly defined before your top-level OKRs are established.
The OKR framework helps you to prioritise, align, and measure the outcome of your efforts. They help organisations bridge the gap between strategy and execution and move from an output-based to an outcome-based approach to work.
You may be new to OKRs or you’ve been managing OKRs for a while, deciding on the best way to track your goals can seem like a daunting task. Most organisations use a spreadsheet to track goals, which is a good place to start, however, when you want to get people engaged in your goals, spreadsheets fall down. Your OKRs can get lost and it’s clear that a spreadsheet will not be fit for your needs.
Choosing the right business strategy execution software
To help you embed OKRs effectively, there are many OKR software options available. It’s a good idea to take a look at the options available and choose one that’s right for your organisation. They will differ in features and interfaces, and also how they integrate with the current systems you use.
An ideal OKR tool will build and reinforce great practices while fitting in seamlessly with the way your team already works. During your evaluation of tools, you should start with the results you want to achieve. We’ve put together some questions to help you evaluate.
Which OKR software works best at scale? – The OKR framework is flexible, whether you’re five employees or five thousand; a traditional hierarchy or a cross-functional matrix; OKRs can communicate business strategy and help drive great results. Your OKR tool should, too.
Integration – Does this tool integrate with other tools? Does it connect with performance management or employee management systems?
User interface – Is it clean and attractive? Is it easy to use for those that may be low-tech individuals?
Reporting and insights – Do you get real-time reports and valuable insights that can be shared? Can you customise the reports to suit your needs?
Asking these questions during the decision-making process will help you to avoid any teething problems further down the line.
OKR software training
Once you’ve chosen the OKR software that’s right for your organisation, it’s important that you and those using OKRs in your organisation get training on the software to ensure you get the best use out of your investment.
Most OKR software tools will come with some form of onboarding for you and your team. It’s important that your OKR champions, or those heading up OKRs have access to this training and are then able to support other members of the team. Using a new tool or software can be daunting for those that have been used to tracking OKRs in a spreadsheet, however, the time investment in software training will reap the benefits.
Getting the right support
If you’re looking for guidance on selecting the right OKR strategy execution software, we’re happy to have a chat. We’re experts when it comes to OKRs and OKR implementation for all different types of organisations. We’ll help you find the best OKR software to suit your needs. Book a call to discuss the next steps in your OKR journey.