5 customisable OKR examples for Product Service Management
What are Product Service 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've tailored a list of OKRs examples for Product Service Management 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.
Building your own Product Service Management OKRs with AI
While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.
Our customisable Product Service Management OKRs examples
You'll find below a list of Objectives and Key Results templates for Product Service Management. 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!
1. OKRs to enhance Product Service Management Efficiency
Enhance Product Service Management Efficiency
Increase product service team training sessions by 50%
Schedule additional training sessions accordingly
Identify current number of weekly training sessions
Calculate necessary increase to achieve 50% rise
Implement new software to decrease customer response time by 20%
Purchase, install, and configure the identified software
Identify software capable of enhancing customer service response speed
Train customer service representatives on new software usage
Improve customer satisfaction rate on product services by 30%
Update and upgrade product based on customer feedback
Establish a fast and effective complaint resolution procedure
Implement regular training programs for customer service staff
2. OKRs to successful transition from Service Delivery Manager to Product Manager
Successful transition from Service Delivery Manager to Product Manager
Develop and present a new product idea or actionable improvement to the team
Conduct thorough market research and analyze potential customer needs
Prepare and deliver a persuasive presentation to the team
Develop a comprehensive product concept or improvement proposal
Gain foundational knowledge completing a Product Management certification by quarter-end
Schedule study sessions to complete coursework
Enroll in chosen Product Management course
Research suitable Product Management certification programs
Shadow experienced product managers and attend at least 20 hours of PM meetings
Schedule time blocks to observe PM meetings
Attend minimum 20 hours of PM meetings
Identify experienced product managers to shadow
3. OKRs to enhance intelligent product recommendation engine for improved customer matching
Enhance intelligent product recommendation engine for improved customer matching
Increase recommendation engine's accuracy by 25%
Regularly update and test recommendation algorithms
Gather more user data for detailed user profiles
Implement machine learning algorithms for better prediction accuracy
Boost product sales via recommendations by 20%
Enhance recommendation algorithms for personalized suggestions
Implement a referral program incentivizing existing customers
Partner with influencers for strategic product promotions
Raise customer satisfaction with recommendations by 30%
Implement feedback system for product or service improvements
Enhance customer service training for personalized interaction
Develop more accurate, predictive recommendation algorithms
4. OKRs to increase overall team performance
Increase overall team performance
Improve team productivity by 20% without affecting work quality
Review current workflows for potential process optimization improvements
Introduce time management training resources to enhance work efficiency
Implement new collaboration software for easier communication
Increase customer satisfaction related to our performance by 15%
Develop and execute a streamlined customer complaint resolution process
Implement regular, focused customer service training for employees
Actively solicit customer feedback and make necessary adjustments
Achieve a 10% reduction in task completion times
Identify inefficiencies in current workflow processes
Automate repetitive tasks to save time
Implement training programs to improve skill levels
5. OKRs to deliver personalized customer experience and satisfaction
Deliver personalized customer experience and satisfaction
Decrease customer complaint rates by 15% through streamlined product/service delivery
Develop and optimize efficient delivery mechanisms
Implement comprehensive staff training for improved customer service
Regularly gather customer feedback to identify improvement areas
Increase customer satisfaction score by 20% through improved customer relationship management
Implement regular, personalized follow-ups with customers
Provide staff with comprehensive CRM training
Develop a responsive and efficient complaint resolution process
Implement 2 new unique features based on customer feedback to enhance user engagement
Analyze customer feedback to identify potential new features
Roll out new features and monitor user engagement
Develop and test 2 new features based on findings
Product Service Management OKR best practices to boost success
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.
![Tability Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/tability-insights-board.e70f9466.png)
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.
![Tability Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/checkins-graph.b2aec458.png)
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 turn your Product Service Management OKRs in a strategy map
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
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.
![A strategy map in Tability](https://tability-templates-v2.vercel.app/_next/static/media/tability_strategy_map.2ad25843.png)
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 Product Service Management OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to implement new functionality in our product offering
OKRs to develop and implement an impactful spending proposal
OKRs to increase design competency and productivity for high-quality outputs
OKRs to strengthen cybersecurity to reduce incidents by 50%
OKRs to enhance the accuracy of outage detail reporting
OKRs to drive R2 million in monthly sales
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: What is the meaning of OKRs
- Blog posts: ODT Blog
- Success metrics: KPIs examples
What's next? Try Tability's goal-setting AI
You can create an iterate on your OKRs using Tability's unique goal-setting AI.
Watch the demo below, then hop on the platform for a free trial.