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tability.ioWhat are Capital Management 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.
Creating impactful OKRs can be a daunting task, especially for newcomers. Shifting your focus from projects to outcomes is key to successful planning.
We have curated a selection of OKR examples specifically for Capital Management to assist you. Feel free to explore the templates below for inspiration in setting your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
Capital Management OKRs examples
We've added many examples of Capital Management 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 complete holistic roadmap for human capital management 2024
ObjectiveComplete holistic roadmap for human capital management 2024
KRDesign 75% of HCM strategy encompassing recruitment, skills development, and retention
Outline tactics for employee retention- Develop a comprehensive recruitment plan
- Design a strategy for skills development
- KRValidate roadmap with 10+ HR experts and incorporate feedback for improvement
- Identify and reach out to 10 HR experts for roadmap review
- Gather and analyze feedback for potential improvements
- Implement feedback into roadmap revisions
- KRIdentify all roadmap components and essential factors in the planning process
- List all components required for the roadmap
- Prioritize components based on their significance
- Identify important elements for strategic planning
OKRs to enhance capital management for optimal value creation
- ObjectiveEnhance capital management for optimal value creation
- KRAchieve 5% reduction in capital waste by streamlining operations
- Develop streamlined processes for identified wasteful operations
- Review all operations to identify sources of capital waste
- Implement, monitor, and adjust streamlined processes as necessary
- KRReduce total capital expenditures by 15%
- Analyze current capital expenditures for possible cost reductions
- Restructure financial plans, prioritizing essential capital investments
- Limit investing in new equipment or infrastructure
- KRIncrease return on invested capital by 10%
- Implement efficiency strategies to cut operational costs
- Identify underperforming investments and reallocate funds
- Explore new investment avenues with higher returns
OKRs to enhance capital utilization efficiency of auto-parts trading company
- ObjectiveEnhance capital utilization efficiency of auto-parts trading company
- KRIncrease return on invested capital by 15%
- Review and optimize current investment portfolio
- Redirect funds to high return investments
- Engage skilled financial advisor to reassess strategies
- KRBoost revenue growth by 20% by leveraging existing capital
- Invest funds into market research for product improvement
- Upgrade technology to improve operational efficiency
- Redistribute capital towards more profitable business divisions
- KRReduce capital waste by 10% through process optimization
- Review all processes to identify areas of excessive spending
- Train staff on optimized procedures to minimize waste
- Implement efficiency measures within identified wasteful processes
How to write your own Capital Management OKRs
1. Get tailored OKRs with an AI
You'll find some examples below, but it's likely that you have very specific needs that won't be covered.
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.
Capital Management 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
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.
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.
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 Capital Management OKRs
Your quarterly OKRs should be tracked weekly in order to get all the benefits of the OKRs 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
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 Capital Management OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to efficiently establish processes for delivering the roadmap
- OKRs to increase effectiveness and efficiency of sales pipeline management
- OKRs to boost HR effectiveness in facilitating organization and people growth
- OKRs to prepare a perfect and precise financial statement
- OKRs to enhance leadership inclusivity across all teams
- OKRs to significantly reduce total work hours without compromising productivity