OKR template to increase overall company revenue

public-lib · Published 6 months ago

Your OKR template

This OKR is set to increase the company's overall revenue. The first objective is to reduce operational expenditures by 10% to enhance profit margins. This will be done by identifying inefficient processes, negotiating lower prices with suppliers, and eliminating unnecessary business travels and meetings.

The second part of the OKR is launching two new revenue streams, aiming to contribute 15% to the company's revenue. The strategy includes developing business plans for each stream, indentifying lucrative markets for the streams, and implementing and adjusting strategies.

Thirdly, the company plans to increase product sales by 20% through improved marketing tactics. This will be achieved by implementing targeted social media advertisement campaigns, SEO optimization and email marketing with promotional content.

In essence, this OKR focuses on three main pillars: slashing operational costs, establishing new revenue streams, and enhancing product sales. Each focus point has a set of initiatives designed to achieve the desired outcomes.

ObjectiveIncrease overall company revenue
KRReduce operational expenditures by 10% for increased profit margins
Identify inefficient processes and implement cost-saving improvements
Negotiate lower prices with suppliers and service providers
Reduce unnecessary business travels and meetings
KRLaunch new 2 revenue streams and achieve 15% revenue contribution from them
Develop robust business plans for each stream
Identify profitable markets to establish new revenue streams
Implement, monitor, and adjust strategies to achieve 15% revenue
KRBoost product sales by 20% through enhanced marketing strategies
Develop targeted social media advertisement campaigns
Conduct SEO optimization for product listings
Implement email marketing with promotional content

Use in Tability

How to edit and track OKRs with Tability

You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.

Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.

With Tability you can:

Use AI to draft a complete set of OKRs in seconds
Connect your OKRs and team goals to your project
Automate reporting with integrations and built-in dashboard

Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.

The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.

Step 1. Sign up for a free Tability account

Go tohttps://tability.app/signup and create your account (it's free!)

Step 2. Create a plan

Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.

Step 3. Use the magic importer

Click on Use magic import to open up the Magic Import modal.

Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.

Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!

Now, just click on Import from text and let the magic happen.

Once your example is in the plan editor, you will be able to:

Edit the objectives, key results, and tasks
Click on the target 0 → 100% to set better target
Use the tips and the AI to refine your goals

Step 4. Publish your plan

Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.

From there you will have access to all the features that will help you and your team save hours with OKR reporting.

10+ built-in dashboards to visualise progress on your goals
Weekly reminders, data connectors, and smart notifications
9 views to map OKRs to strategic projects
Strategy map to align teams at scale