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What are Negotiation 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.
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 Negotiation Team. 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.
The best tools for writing perfect Negotiation Team 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
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.
Negotiation Team OKRs examples
We've added many examples of Negotiation Team 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 enhance communication with general contractors for increased project awards
ObjectiveEnhance communication with general contractors for increased project awards
KRSecure at least 10 more submittal quotes from general contractors each week
Follow up on previously sent quote requests every week- Post weekly inquiries on general contractor forums or job boards
- Reach out daily to at least two new general contractors for quotes
- KRRaise project award rate by 30% over the next quarter through effective negotiation
- Track and analyze negotiation outcomes regularly
- Establish robust, fair negotiation strategies and practices
- Train team members on effective negotiation techniques
- KRMaintain a 90% rate on timely, accurate responses to contractor inquiries
- Conduct regular response accuracy evaluations
- Implement a tracking system for contractor inquiries
- Schedule daily dedicated time for query responses
OKRs to acquire cost-effective new media for Wallop
- ObjectiveAcquire cost-effective new media for Wallop
- KRNegotiate at least 30% reduction in costs with 3 existing media vendors
- Conduct negotiation meetings with vendors
- Draft proposal for 30% cost reduction
- Identify top three media vendors for negotiation
- KRImprove internal media procurement processes to reduce acquisition costs by 20%
- Train staff on cost-effective procurement strategies
- Implement centralized purchasing to streamline buying process
- Negotiate bulk rates with preferred media vendors
- KRIdentify and establish partnerships with 5 new low-cost media providers
- Research potential low-cost media providers in the market
- Evaluate options based on cost, services and reputation
- Reach out and establish contracts with chosen providers
OKRs to attain an affordable, emissions-free vehicle
- ObjectiveAttain an affordable, emissions-free vehicle
- KRTest drive and analyze key features of at least three selected cars
- Schedule test drives for each selected car
- Analyze and compare the key features post-drive
- Select three cars based on preferences and research
- KRResearch and identify ten potential C02-free cars within $30,000 range
- Generate a list of CO2-free car manufacturers within your budget
- Obtain pricing details for each potential car model
- Evaluate and list ten viable options based on research
- KRFinalize purchase of a suitable C02-free car under $30,000
- Contact dealerships for negotiations and details
- Conclude purchase and documentation forms
- Research and shortlist C02-free cars within the budget
OKRs to expand open mic opportunities for musicians
- ObjectiveExpand open mic opportunities for musicians
- KREstablish partnerships with five local venues for hosting open mic events
- Draft a partnership proposal tailored for each venue
- Identify potential local venues suitable for open mic events
- Initiate contact and negotiate partnership terms
- KRDraw in a minimum of 50 unique performers across all open mic events
- Collaborate with local music schools for event promotion
- Send personalized invitations to performers from previous events
- Create engaging social media advertisements targeting local performers
- KROrganize and successfully conduct at least 10 open mic events
- Arrange necessary equipment and personnel for each event
- Select venues and schedule dates for each open mic event
- Promote the events through social media and local newspapers
OKRs to ensure cost-efficiency at Wonderfly Arena
- ObjectiveEnsure cost-efficiency at Wonderfly Arena
- KRNegotiate vendor contracts to achieve at least a 10% reduction in expenses
- Initiate negotiation meetings with selected vendors
- Prepare negotiation strategies and proposals focusing on cost reduction
- Analyze existing vendor contracts and identify over-expensive areas
- KRImplement a new tracking system for accurate financial record keeping
- Research the best financial tracking systems available
- Train staff on how to use the new system
- Purchase and install selected financial tracking system
- KRReduce operational costs by 15% through optimization of resources
- Consolidate work tasks to maximize staff productivity
- Implement energy-saving measures in all premises
- Automate repetitive processes to minimize manual labor
OKRs to reduce overall shipping expenses
- ObjectiveReduce overall shipping expenses
- KRDecrease packaging costs by sourcing 15% cheaper materials
- Identify suitable suppliers offering lower-cost packaging materials
- Negotiate pricing terms with potential suppliers
- Implement new materials into existing production lines
- KRImplement an optimized routing system to reduce shipping distance by 10%
- Implement new, optimized routing system using AI and data analytics
- Monitor and adjust the routing system continuously for best results
- Evaluate current shipping routes for inefficiencies and areas for improvements
- KRNegotiate a 20% reduction in courier fees by end of quarter
- Schedule and conduct negotiation meeting with courier
- Research alternative courier services for competitive prices
- Prepare a negotiation plan with current courier service
OKRs to secure a new project contract with a new client
- ObjectiveSecure a new project contract with a new client
- KRIdentify and establish contact with 50 potential new clients within the industry
- Research to compile a list of 50 potential clients within the industry
- Send emails to identified potential clients
- Draft a personalized introductory email to establish contact
- KRSubmit high-quality proposals to at least 20 new prospective clients
- Develop robust, customized proposals for each client
- Submit the proposals and follow up promptly
- Identify 20 potential new clients and research their needs
- KRSuccessfully negotiate and finalize at least one contract with a new client
- Identify and research potential new clients
- Craft and send personalized business proposals
- Arrange negotiation meetings to finalize contract
OKRs to successfully orchestrate an engaging food street event
- ObjectiveSuccessfully orchestrate an engaging food street event
- KRAttract at least 500 attendees
- Utilize social media channels for widespread promotion of the event
- Develop a compelling event agenda to attract potential attendees
- Send out personalized invitation emails to targeted audience groups
- KRAchieve 90% positive participant feedback
- Develop a responsive and effective communication system
- Implement comprehensive, regular training programs for staff members
- Evaluate and enhance participant experience based on surveys
- KRSecure a minimum of 20 food vendors
- Initiate contact and discuss vending opportunities
- Finalize agreements with at least 20 vendors
- Identify potential food vendors in the local area
OKRs to negotiate better pricing with vendors early in the project
- ObjectiveNegotiate better pricing with vendors early in the project
- KRFinalize early-project contracts with all vendors securing reduced rates by week 8
- Negotiate contracts and reduced rates with each vendor
- Finalize and secure all vendor contracts by week 8
- Identify all vendors necessary for early-project completion
- KRBuild relationships with 5 key vendors by the end of the week 3
- Identify and shortlist 5 key vendors relevant to our business needs
- Initiate contact and arrange meetings with the selected vendors
- Follow up post meetings to solidify relationships and discuss potential collaborations
- KRAchieve at least a 10% reduction in pricing from each vendor by week 6
- Analyze current expenditure with each vendor
- Obtain written commitment to new prices
- Initiate negotiation talks for discount rates
OKRs to secure funding for target acquisition effectively
- ObjectiveSecure funding for target acquisition effectively
- KRNegotiate down terms to less than market rate with at least two sources
- Identify at least two potential sources for negotiation
- Initiate negotiation with chosen sources, targeting below-market rates
- Research average market rates for desired service or goods
- KRFinalize acquisition financing deal, securing at least $Xm funding
- Confirm receipt of at least $Xm in funding
- Review and finalize terms and conditions with lenders
- Secure legal approval for financing deal
- KRIdentify 4 potential funding sources with suitable terms by week 6
- Research types of potential funding sources on the internet
- Compile information on 4 funding sources
- Analyze terms and conditions of each source
Negotiation 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
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.
Save hours with automated OKR dashboards
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
Spreadsheets are enough to get started. Then, once you need to scale you can use 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 Negotiation Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to reduce MTTR of critical business applications by 15%
- OKRs to enhance staff communication efficiency with external partners
- OKRs to improve efficiency & accuracy of invoice monitoring
- OKRs to enhance performance and efficiency of SharePoint Online Storage service
- OKRs to graduate on schedule without extra classes
- OKRs to establish comprehensive brand guidelines