2 Sponsorship Development Team OKR examples with initiatives

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What are Sponsorship Development 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.

To aid you in setting your goals, we have compiled a collection of OKR examples customized for Sponsorship Development 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.

Sponsorship Development Team OKRs examples

You'll find below a list of Objectives and Key Results templates for Sponsorship Development 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 secure high-value sponsorships for our basketball team

ObjectiveSecure high-value sponsorships for our basketball team
KRIncrease overall sponsorship revenue by 20%
Implement a referral program for current sponsors
Identify and reach out to 30% more potential sponsors
Enhance sponsorship packages to increase value
KRIdentify and engage with 40 potential sponsors by end of Q2
Research and create a list of 40 potential sponsors in the relevant industry
Draft and send personalized proposal emails to each sponsor
Follow up with each potential sponsor regularly until engagement
KRSecure commitments from at least 5 new sponsors with substantial value
Prepare a compelling sponsorship proposal
Identify potential sponsors and research their interests
Arrange meetings to discuss and secure sponsorships

high-value-sponsorships sponsorship-revenue-increase sponsorship-manager business-development-manager sponsorship-team business-development-team

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OKRs to improve promotion and sponsorship package development

ObjectiveImprove promotion and sponsorship package development
KRSecure sponsorship agreement with at least one new major partner
Negotiate an agreement that aligns with both parties' goals and finalize the partnership
Create a compelling sponsorship proposal that showcases the benefits for potential partners
Conduct targeted outreach to the identified major partners for sponsorship opportunities
Develop a list of potential major partners in the target industry
KREnhance the promotion package by incorporating innovative and attractive elements
Incorporate interactive elements in promotion package to engage target audience
Research innovative promotional strategies and identify effective and attractive elements
Test different promotional elements with focus groups to determine effectiveness and attractiveness
Collaborate with design team to create visually appealing promotional materials
KRIncrease the number of potential sponsors contacted by 20%
Collaborate with sales team to identify and reach out to potential sponsors
Implement a monthly email outreach campaign targeting potential sponsors
Utilize social media platforms to engage and contact new potential sponsors
Attend relevant industry events to network and connect with potential sponsors
KRTrack and achieve a 15% increase in sponsorship revenue compared to the previous quarter
Develop a targeted marketing campaign to promote sponsorship opportunities to potential sponsors
Establish regular communication with existing sponsors to explore opportunities for increased sponsorship contributions
Analyze and adapt sponsorship package to make it more appealing to potential sponsors
Research and identify potential new sponsors in relevant industries

sponsorship-agreement promotion-package sponsorship-negotiator promotion-strategist sponsorship-development-team promotion-package-design-team

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How to write your own Sponsorship Development Team 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 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.

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.

Sponsorship Development 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 Sponsorship Development Team OKRs

OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full 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 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 Sponsorship Development Team OKR templates

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

2 OKR examples for Sponsorship Development Team