Nowadays, technology is playing an important role in helping businesses set and achieve their objectives. This is due to the development of software applications such as Workboard software where employees can now create and follow OKRs or Objectives and Key Results. Traditional ways of setting objectives do not allow tracking and measuring progress or achieved goals. However, a productivity and collaboration application makes it possible to track progress.
Setting your company’s objective and how to achieve them is essential. Traditionally, employees forget about the annual objectives and make it difficult to achieve such objectives. However, this has now changed with OKRs since they are regularly reviewed and managers can track progress. At the same time, the software helps to eliminate time wastage on processes that prevent communication and collaboration.
The good thing about using an application to set and follow OKRs is that there is enhanced speedy execution, transparency, and priority targeting. This is unlike traditional goal management frameworks that lead to passive management. With Objective and Key Results framework, there is better engagement and efficacy. This is because team leaders and manager will know the members who are disengaged and the most engaged members.
Being able to create as well as follow OKRs has brought so many benefits to companies. Some of the advantages are as follows.
1. Ability to set higher and ambitious goals.
With OKRs, you don’t just set safe objectives. Instead, people are encouraged to set ambitious and tough goals although not impossible to achieve. Traditional frameworks allow setting a safe goal where you expect 100% achievement. With OKRs, the goals are tough and achieving a 100% may not be possible. However, getting close to the goal line will represent great performance.
2. Quantitative objectives.
In many frameworks, objective setting focuses on the goal and not how to achieve them. With the OKR framework, however, you are able to set quantitative results which will define the success. Because of this, it is clear what success is and the steps towards delivering the strategic priorities.
3. Bottom-up sideways process.
Traditionally, the process of setting objectives moves from top to bottom. The leadership will set goals for managers, while managers will set objectives for teams. That is, however, not the case with OKRs. There is more freedom for people to create their own objectives that are aligned with the company’s overall objective. By involving every employee in setting objectives, they become more engaged and they own the goals as well.
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