OKR template to achieve a 2x increase in company revenue
Your OKR template
The plan also targets introducing 2 new high-margin products or services. To ensure the successful integration of these new revenue streams, a well-developed launch plan will be implemented. Market identification for potential high-margin products or services and execution of a comprehensive marketing campaign are also integral.
Another objective is to improve the sales conversion rate by 10%. To do this, the sales team will undergo advance closing techniques training and implement a consistent follow-up strategy for potential clients. Moreover, a strategic enhancement will be made on product presentation, making it more appealing and engaging across all platforms.
Overall, this OKR centers on the interplay of cost reduction, strategic marketing of new high-margin products, and improvement of sales conversion rates. The company is poised for aggressive strategies to significantly increase its revenue.
ObjectiveAchieve a 2x increase in company revenue
KRReduce operating costs by 15%
Implement energy-saving measures across the business- Review and negotiate supplier contracts for better rates
- Streamline operations to increase efficiency
- KRIntroduce 2 new high-margin products or services
- Develop a well-strategized launch plan for the new products
- Identify potential high-margin products or services within the market
- Implement a comprehensive marketing strategy to promote the products
- KRImprove sales conversion rate by 10%
- Train sales team in advanced closing techniques
- Implement a consistent follow-up strategy
- Enhance product presentation on all platforms
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