10 OKR examples for New Product

What are New Product 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.

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 New Product. 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.

Building your own New Product OKRs with AI

How to create great OKRs for any scenario in seconds

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.

How to improve existing OKRs with AI feedback

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 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.

Using the free OKR generator to get a quick template

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.

Our New Product OKRs examples

You will find in the next section many different New Product Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).

Hope you'll find this helpful!

1. OKRs to implement new functionality in our product offering

2. OKRs to launch a successful new insurance product

3. OKRs to successfully develop and launch new products and platforms to customers

4. OKRs to enhance product functionality by adding three new features based on user feedback

5. OKRs to boost product visibility and establish success pipeline in new markets

6. OKRs to accelerate new product/feature launch process by 20%

7. OKRs to implement seamless integration of new product features

8. OKRs to successfully launch a new product

9. OKRs to drive 110% growth in MRR for our new product

10. OKRs to secure FDA approval for our new pharmaceutical product

New Product 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 New Product 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

Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.

Tability's Strategy Map makes it easy to see all your org's OKRs

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 New Product OKR templates

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

• OKRs to implement a cost-effective solution for portfolio tracking
  portfolio-trackingcost-effective-solutionproject-managerit-specialistproject-management-teamit-support-team
• OKRs to strengthen the partnership between business leaders and people business partners
  partnership-strengtheningefficient-communicationbusiness-leaderspeople-business-partnerssupport-and-training-teamproject-delivery-group
• OKRs to streamline onboard services for robust engagement environment
  user-experiencecustomer-engagementux-designercustomer-success-manageruser-experience-teamcustomer-success-team
• OKRs to enhance proficiency in managing administrative tasks and assigned duties
  administrative-efficiencyprofessional-developmentadministrative-coordinatorprocess-efficiency-manageradministrative-teamprocess-improvement-team
• OKRs to enhance precision and productivity of tax and accounting operations
  accounting-automationstaff-trainingtax-accountantoperations-managertax-and-accounting-teamoperations-team
• OKRs to implement advanced food safety training program
  food-safetytraining-programfood-safety-trainerprotocol-development-specialiststaff-training-teamfood-safety-protocol-team