What are Business Planning Team 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.
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 Planning Team 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 Planning Team 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.
- 1. Go to Tability's plan editor
- 2. Click on the "Generate goals using AI" button
- 3. Use natural language to describe 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.
- 1. Go to Tability's plan editor
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on "Generate analysis"
Tability's Strategy Map makes it easy to see all your org's OKRsTability 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 Planning Team OKRs examples
You'll find below a list of Objectives and Key Results templates for Business Planning Team. 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 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 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 strengthen strategic alignment across all business units
- ObjectiveStrengthen strategic alignment across all business units
- KRAchieve 80% positive feedback on strategy understanding in anonymous post-workshop surveys
- Develop clear, engaging workshop content to encourage comprehension
- Follow-up with explanatory resources post-workshop
- Implement interactive sessions promoting feedback and discussion
- KRConduct 3 alignment workshops achieving 90% attendance from all departments
- Determine workshop times that don't conflict with departmental schedules
- Send out clear, concise workshop invites to each department
- Follow up with non-respondents to ensure maximum attendance
- KRDevelop a cross-functional team from all departments by end of month 1
- Set team expectations and goal guidelines
- Plan and organize initial team-building activities
- Identify potential team members from each department
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 streamline corporate general and administrative expenses
- ObjectiveStreamline corporate general and administrative expenses
- KRSlash administrative costs by 15% through process improvements
- Implement automation technology for routine tasks
- Conduct training on new streamlined processes
- Identify inefficiencies in current administrative processes
- KRIncrease revenue to cost ratio by 20% via strategic resource allocation
- Continually monitor and adjust resource allocation
- Redistribute resources to maximize efficiency
- Identify profitable and underutilized resources
- KRImplement cost control mechanisms reducing overspending by 10%
- Identify areas of excessive spending within current budget
- Develop and implement cost control policies
- Monitor and record savings from implemented policies
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 align business operations towards 2030 strategic outcomes
- ObjectiveAlign business operations towards 2030 strategic outcomes
- KRAchieve 30% staff understanding and alignment with 2030 strategic outcomes
- Schedule feedback sessions for queries and discussions
- Develop easy-to-understand materials explaining 2030 stratagem
- Conduct staff workshops on 2030 strategic outcomes
- KRDefine and communicate the 2030 strategic outcomes to all departments
- Develop clear, concise 2030 strategic outcomes
- Create a comprehensive communication plan
- Disseminate material to all department heads
- KRImplement 10% of strategic initiatives related to 2030 outcomes
- Prioritize and select 10% for immediate implementation
- Identify key strategic initiatives impacting 2030 outcomes
- Develop and begin execution of implementation plans
Business Planning Team 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.
How to track your Business Planning Team OKRs
The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. 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
Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.
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 Planning Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to foster an inclusive, equitable, and diverse office culture
- OKRs to improve efficiency and effectiveness in facilities management
- OKRs to ensure adequate development of a proficient Project Executive in AI tech
- OKRs to achieve a weight loss of 1 lb
- OKRs to cultivate a highly involved and passionate online community
- OKRs to enhance the IT incident acknowledgement process