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3 OKR examples for Business Development Managers

What are Business Development Managers OKRs?

The OKR acronym stands for Objectives and Key Results. It's a goal-setting framework that was introduced at Intel by Andy Grove in the 70s, and it became popular after John Doerr introduced it to Google in the 90s. OKRs helps teams has a shared language to set ambitious goals and track progress towards them.

Formulating strong OKRs can be a complex endeavor, particularly for first-timers. Prioritizing outcomes over projects is crucial when developing your plans.

We've tailored a list of OKRs examples for Business Development Managers to help you. You can look at any of the templates below to get some inspiration for your own goals.

If you want to learn more about the framework, you can read our OKR guide online.

How to write your own Business Development Managers OKRs

Option 1. Turn ideas into OKRs with Tability AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here.

You can use Tability's AI generator to create tailored OKRs based on your specific context. Tability can turn your objective description into a fully editable OKR template -- including tips to help you refine your goals.

Tability will then use your prompt to generate a fully editable OKR template.

Watch the video below to see it in action 👇

Option 2. Optimise existing OKRs with Tability Feedback tool

If you already have existing goals, and you want to improve them. You can use Tability's AI feedback to help you.

AI feedback for OKRs in TabilityTability's Strategy Map makes it easy to see all your org's OKRs

Tability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.

You can then decide to accept the suggestions or dismiss them if you don't agree.

Option 3. Use the free OKR generator

If you're just looking for some quick inspiration, you can also use our free OKR generator to get a template.

Unlike with Tability, you won't be able to iterate on the templates, but this is still a great way to get started.

Business Development Managers OKRs examples

We've added many examples of Business Development Managers Objectives and Key Results, but we did not stop there. Understanding the difference between OKRs and projects is important, so we also added examples of strategic initiatives that relate to the OKRs.

Hope you'll find this helpful!

OKRs to strengthen relationships with key accounts and identifying opportunities for growth

  • ObjectiveIncrease revenue through strategic account management
  • KRDevelop and execute personalized account plans for top 3 accounts
  • KRConduct 5 in-person meetings with key accounts to strengthen relationships
  • KRIdentify 3 new growth opportunities within key accounts
  • KRIncrease key account revenue by 10% through cross-selling and upselling

OKRs to enhance innovation and synergy within startup house ecosystem

  • ObjectiveEnhance innovation and synergy within startup house ecosystem
  • KRAchieve 25% increase in constructive feedback exchanges among members
  • TaskOffer training on how to give constructive feedback
  • TaskEncourage open communication and active listening
  • TaskImplement regular, structured team feedback sessions
  • KRInitiate three cross-departmental projects to enhance collaborative efforts
  • TaskOrganize a meeting with department leads to discuss plans
  • TaskAssign project teams and set clear communication channels
  • TaskIdentify potential projects requiring cross-departmental collaboration
  • KRImplement two new innovative systems or processes for startups to utilize
  • TaskProvide comprehensive training and support for startup utilization
  • TaskResearch cutting-edge technologies suitable for startup business operations
  • TaskDesign and develop two innovative systems or processes

OKRs to successfully launch the asset managers unit trust business

  • ObjectiveSuccessfully launch the asset managers unit trust business
  • KROnboard 3 seasoned unit trust portfolio managers by Week 12
  • TaskSchedule interview and assessment process by Week 8
  • TaskIdentify suitable candidates for unit trust portfolio manager role
  • TaskComplete hiring and orientation by Week 12
  • KRAcquire initial capital commitments from 5 strategic partners by Week 9
  • TaskIdentify potential strategic partners for initial capital commitments
  • TaskSchedule and conduct pitch meetings before Week 9
  • TaskDevelop a compelling pitch targeting these strategic partners
  • KRDevelop comprehensive, SEC-compliant business plan for unit trust operation by Week 6

Business Development Managers OKR best practices

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

Having too many OKRs is the #1 mistake that teams make when adopting the framework. The problem with tracking too many competing goals is that it will be hard for your team to know what really matters.

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.

Tip #2: Commit to weekly OKR check-ins

Setting good goals can be challenging, but without regular check-ins, your team will struggle to make progress. We recommend that you track your OKRs weekly to get the full benefits from the framework.

Being able to see trends for your key results will also keep yourself honest.

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 track your Business Development Managers OKRs

OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the framework. Reviewing progress periodically has several advantages:

We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using a proper OKR-tracking tool for it.

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 Business Development Managers OKR templates

We have more templates to help you draft your team goals and OKRs.

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