Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Business Plan 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 Plan 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.
The best tools for writing perfect Business Plan OKRs
Here are 2 tools that can help you draft your OKRs in no time.
Tability AI: to generate OKRs based on a prompt
Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.
- 1. Create a Tability account
- 2. Click on the Generate goals using AI
- 3. Describe your goals in a prompt
- 4. Get your fully editable OKR template
- 5. Publish to start tracking progress and get automated OKR dashboards
Watch the video below to see it in action 👇
Tability Feedback: to improve existing OKRs
You can use Tability's AI feedback to improve your OKRs if you already have existing goals.
- 1. Create your Tability account
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on Generate analysis
- 4. Review the suggestions and decide to accept or dismiss them
- 5. Publish to start tracking progress and get automated OKR dashboards
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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.
Business Plan OKRs examples
You'll find below a list of Objectives and Key Results templates for Business Plan. 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!
OKRs to successfully launch a small business
ObjectiveSuccessfully launch a small business
KRSecure initial funding of at least $X through personal savings, loans, or investors
Determine available personal savings for business investment
Research loan options and apply where feasible
Begin networking to attract potential investors
KRDevelop a comprehensive business plan by identifying key opportunities and potential risks
Identify key opportunities in your business sector
Analyze potential risks to your business
Draft a comprehensive business plan
KRSecure a location and necessary permits to operate, ensuring regulatory compliance
Establish procedures to assure continuous regulatory compliance
Identify potential operating locations suiting the business requirements
Initiate application process for necessary operating permits
OKRs to enhance the firm's business continuity plan
ObjectiveEnhance the firm's business continuity plan
KRTrain every department on the business continuity plan to increase company preparedness
Schedule training sessions for all departments
Monitor staff comprehension and address queries after training
Develop comprehensive training material on business continuity plan
KRConduct at least two BCP drills to identify and address potential weaknesses
Schedule two Business Continuity Plan (BCP) drills
Execute BCP drills, note all weaknesses
Develop solutions to address identified weaknesses
KRDevelop a full business continuity plan covering all key operational areas
Draft detailed contingency strategies for each area
Identify all key operational areas needing continuity measures
Review and revise continuity plan regularly
OKRs to establish a successful National Archive Centre business
ObjectiveEstablish a successful National Archive Centre business
KRIdentify and secure a suitable location for the Archive Centre
Finalize lease or purchase agreement for chosen location
Evaluate locations based on accessibility, size, and security
Research potential locations for the Archive Centre
KRSecure agreement from 10+ key stakeholders by end of the quarter
Schedule individual meetings for proposal discussions
Identify and list the top 10+ key stakeholders
Draft an agreement proposal highlighting mutual benefits
KRDevelop a comprehensive business plan with clear projected financials
Create pro forma financial statements
Research and compile essential market data
Draft detailed business strategy
OKRs to launch a viable startup in the tech industry
ObjectiveLaunch a viable startup in the tech industry
KRHire a core team of five professionals in tech, marketing, and operations
Identify required skills and experience for each job role
Schedule and conduct potential candidate interviews
Post job vacancies on suitable recruitment platforms
KRFinalize business plan with a detailed financial projection
Review and refine existing business model assumptions
Develop comprehensive profit and loss projections
Incorporate relevant market research into the plan
KRSecure investment from at least three different sources for initial capital
Research and identify potential investors
Conduct pitching sessions to these investors
Create a compelling business plan
OKRs to successfully organize 75 engaging tour groups
ObjectiveSuccessfully organize 75 engaging tour groups
KRPartner with 80 local businesses for food, transportation, and attraction packages
Formalize agreements and prepare package details
Identify and list potential local businesses for partnership
Develop and pitch partnership proposals to each business
KROnboard and train at least 10 dedicated tour guides for improved tour quality
Carry out in-depth training for selected individuals
Interview possible candidates for tour guide positions
Assign each guide to specific tour routes
KRFinalize 78 diverse and engaging itineraries to attract a broad audience
Confirm all itinerary dates and destinations
Review and update activities within each itinerary
Finalize and approve all itinerary descriptions
OKRs to develop an effective transformation plan to enhance business operations
ObjectiveDevelop an effective transformation plan to enhance business operations
KRDesign and finalize a detailed transformation plan involving at least 10 improvements
Develop detailed changes for each identified area
Identify ten areas/elements that require improvement
Validate, review and finalize the transformation plan
KRImplement transformation plan in 3 operational areas and achieve 15% performance improvement
Monitor, assess, and adjust strategies for continuous performance enhancement
Develop strategies to achieve 15% performance improvement in those areas
Identify three operational areas for implementation of transformation plan
KRIdentify and analyze at least 20 areas of current business operations needing improvement
Prioritize areas based on improvement potential
Identify 20 areas in current operations requiring enhancements
Analyze each identified area's performance levels
OKRs to acquire proficiency in business analysis as a beginner
ObjectiveAcquire proficiency in business analysis as a beginner
KRExecute two successful business analysis projects under supervision
Develop detailed project plans under supervisor guidance
Identify and define two suitable business analysis projects
Implement projects, ensuring objectives are met successfully
KRGain feedback showing 90% satisfaction from 5 different team members on collaboration skills
Solicit feedback from each team member
Conduct an anonymous survey on collaboration skills
Review and analyze received responses
KRComplete four certified business analysis courses online
Dedicate regular study times and complete all coursework
Enroll in the chosen business analysis courses
Research and select four online certified business analysis courses
OKRs to formulate and Implement a robust Business and Product Strategy
ObjectiveFormulate and Implement a robust Business and Product Strategy
KRImplement and test product strategy with a minimum viable product in 6 weeks
Develop a prototype of the minimum viable product
Implement a detailed product strategy
Conduct rigorous testing and gather feedback
KRDevelop a comprehensive business strategy with measurable goals within 3 weeks
Draft a comprehensive, strategic business plan
Define measurable, time-bound business goals
Research market trends and study competitors for business strategy formulation
KRIdentify and analyse 5 key competitor business strategies within next quarter
Identify 5 main competitors in the market
Analyze each strategy's effectiveness and performance
Research and note down their business strategies
OKRs to enhance partnership with business for valuable audit plan fruition
ObjectiveEnhance partnership with business for valuable audit plan fruition
KRInitiate 3 strategic discussions with business stakeholders to identify potential audit areas
Prep for discussions by assessing potential audit zones
Identify key business stakeholders for strategic discussions
Schedule meetings with stakeholders to discuss audit areas
KRGenerate 5+ tangible value creation strategies born from audit insights
Brainstorm and develop potential value creation strategies
Evaluate and finalize top five strategies for implementation
Identify key insights from previous audit reports
KRAchieve 100% progression on the determined annual audit plan
Determine key priorities, resources and timeframe for the annual audit
Regularly review the audit's progress and address any issues promptly
Ensure thorough communication with relevant personnel throughout the audit process
OKRs to penetrate new regions to boost architecture service revenue
ObjectivePenetrate new regions to boost architecture service revenue
KRDevelop a localized business strategy for the chosen geography by week six
Identify target market and relevant dynamics in chosen geography by week two
Construct localized business strategy by week four
Finalize and review strategy for implementation by week six
KRIdentify and analyze 3 potential geographies for expansion within two weeks
Compile list of potential geographic areas for expansion
Analyze demographic data for each potential area
Present findings and recommend best three locations
KRAchieve 10% revenue increase from new geography by the end of the quarter
Develop a strategic marketing plan for penetration
Identify high potential markets within the new geography
Implement sales and distribution channels effectively
Business Plan 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
Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your 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.
Tip #2: Commit to weekly OKR check-ins
Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.
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.
Save hours with automated OKR dashboards
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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:
- 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, you can move to Tability to save time with automated OKR dashboards, data connectors, and actionable insights.
How to get Tability dashboards:
- 1. Create a Tability account
- 2. Use the importers to add your OKRs (works with any spreadsheet or doc)
- 3. Publish your OKR plan
That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.
More Business Plan OKR templates
We have more templates to help you draft your team goals and OKRs.
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OKRs to implement versatile deployment strategies for K8's users
OKRs to expand brand awareness through social media marketing and influencer collaborations