4 customisable OKR examples for Benchmarking
What are Benchmarking OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
OKRs are quickly gaining popularity as a goal-setting framework. But, it's not always easy to know how to write your goals, especially if it's your first time using OKRs.
To aid you in setting your goals, we have compiled a collection of OKR examples customized for Benchmarking. Take a look at the templates below for inspiration and guidance.
If you want to learn more about the framework, you can read our OKR guide online.
Building your own Benchmarking OKRs with AI
While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.
Our customisable Benchmarking OKRs examples
You'll find below a list of Objectives and Key Results templates for Benchmarking. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.
Hope you'll find this helpful!
1. OKRs to enhance service delivery through innovation and benchmarking
Enhance service delivery through innovation and benchmarking
Create and implement 2 innovative solutions to transform existing services
Develop prototypes of the 2 selected solutions
Implement and test these innovative solutions in live services
Brainstorm new, innovative ways to enhance current services
Benchmark against 5 industry leaders to identify and implement best practices
Analyze their best practices and methodologies
Identify top 5 industry leaders for benchmark comparison
Incorporate identified best practices into our operations
Increase service delivery efficiency by 30% using new technological advancements
Investigate latest technology advancements in service delivery
Monitor and evaluate tech system effectiveness regularly
Implement new tech systems to streamline service processes
2. OKRs to enhance audit efficiency and transformation through innovative benchmarking
Enhance audit efficiency and transformation through innovative benchmarking
Improve average audit completion times by 20% through innovative methods
Train staff in agile auditing methodologies
Develop audit time-tracking analytics system
Implement automation software for routine audit tasks
Increase audit process automation by 30% to boost efficiency
Train staff in utilizing new automation systems
Allocate budget for implementing automation tools
Identify tasks in audit process suitable for automation
Implement 2 new innovative benchmarking tools to aid in transformation
Purchase and install the chosen benchmarking tools
Train staff on how to utilize these tools effectively
Research and identify two innovative benchmarking tools
3. OKRs to accelerate service transformation through innovation and benchmarking
Accelerate service transformation through innovation and benchmarking
Achieve a 15% reduction in service processing time via technological enhancements
Train staff to effectively utilize technology for efficiency
Implement automation software for routine service tasks
Upgrade outdated processing systems with faster technology
Implement three benchmarked best practices in service delivery
Analyze their best service delivery practices thoroughly
Incorporate these strategies into our existing service delivery model
Identify top-performing companies in service delivery for benchmarking
Increase operational efficiency by 25% through process innovation
Review and streamline current operational processes
Implement new technologies to automate routine tasks
Invest in staff process innovation training
4. OKRs to enhance service efficiency and transformation via innovation and benchmarking
Enhance service efficiency and transformation via innovation and benchmarking
Benchmark our services against 3 industry-leading competitors to identify improvement opportunities
Identify 3 industry-leading competitors relevant to our services
Analyze and benchmark our services against these competitors
Identify and document possible improvement opportunities
Increase service process efficiency by 25% through the use of lean techniques
Monitor, review and adjust new processes regularly
Analyze and eliminate inefficiencies in current processes
Implement lean techniques training for service process teams
Implement 2 new innovative solutions that transform our services and add value
Research and identify two innovative solutions for services
Evaluate and measure added value post-implementation
Develop implementation plans for chosen innovations
Benchmarking OKR best practices to boost success
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
![Tability Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/tability-insights-board.e70f9466.png)
Tip #2: Commit to weekly OKR check-ins
Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.
Being able to see trends for your key results will also keep yourself honest.
![Tability Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/checkins-graph.b2aec458.png)
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
How to turn your Benchmarking OKRs in a strategy map
Quarterly OKRs should have weekly updates to get all the benefits from the framework. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
![A strategy map in Tability](https://tability-templates-v2.vercel.app/_next/static/media/tability_strategy_map.2ad25843.png)
If you're not yet set on a tool, you can check out the 5 best OKR tracking templates guide to find the best way to monitor progress during the quarter.
More Benchmarking OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to boost sales performance significantly
OKRs to implement effective Data Governance Framework Agency-wide
OKRs to improve effectiveness of vendor management as a recruiter
OKRs to obtain ISO certification for our organization
OKRs to successfully launch the asset managers unit trust business
OKRs to enhance efficiency in resolving issues
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: What is the meaning of OKRs
- Blog posts: ODT Blog
- Success metrics: KPIs examples
What's next? Try Tability's goal-setting AI
You can create an iterate on your OKRs using Tability's unique goal-setting AI.
Watch the demo below, then hop on the platform for a free trial.