OKR template to validate MVP's success with the target audience

public-lib · Published 5 months ago

Your OKR template

The OKR aims to validate the Minimum Viable Product's (MVP) success with the target audience by focusing on three key objectives. The first objective seeks to obtain a 70% positive feedback rate from potential customers about the MVP, actions including soliciting feedback, developing a customer feedback system, and continual analysis and improvement.

The second objective involves conducting 50 customer interviews as a barometer of interest in the MVP. This requires the creation of an insightful questionnaire, selection of respondents, and execution of the interviews.

The third objective is about minimizing project risk before product launch. This is accomplished by performing weekly product testing sessions to identify and mitigate the top three riskiest assumptions. The initiatives involve identification of potential risks, routine product testing sessions, and active risk mitigation.

Achieving these objectives will yield valuable insights, help to refine the MVP, and evade potential product risks. It involves a significant amount of data collection, consumer engagement and inter-department coordination.

ObjectiveValidate MVP's success with the target audience
KRObtain a 70% positive feedback rate from potential customers about the MVP
Engage with customers to encourage feedback submission
Develop and implement a customer feedback system for MVP
Regularly analyze feedback and make necessary improvements
KRConduct 50 customer interviews to assess their interest in our MVP
Conduct the customer interviews
Create a questionnaire to assess MVP interest
Identify 50 existing customers for the interview
KRIdentify and address top three riskiest assumptions via weekly product testing sessions
Determine top three riskiest assumptions
Organize weekly product testing sessions
Evaluate and mitigate identified risks

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