The benefits of strategic planning
When combined with OKRs, the strategic planning process can benefit your organisation in many ways.
1. Provides focus
Strategy planning is all about direction and focus. Without this, you’ll struggle to achieve your business goals.
The OKR process involves your teams setting specific objectives to aim towards and these are linked to the organisation’s strategic priorities. This provides company-wide clarity on the direction of the business.
2. Real, measurable results
It’s great to have a strategic business plan in place, but how do you know if the actions you’re taking are making an impact? This is where OKRs become a vital asset to the strategic planning process.
With Key Results, you can easily see whether you’re making progress or not and adapt your strategy if needed.
3. Greater employee engagement and satisfaction
Strategic planning involves focusing on the long-term, larger company goals. As a result, you’ll need everyone on your team on board to ensure you achieve your vision.
Fortunately, the OKR process involves active participation from all levels of the hierarchy. And when employees opinions are valued, engagement and overall job satisfaction can improve as a result.