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tability.ioWhat are Tech Industry 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 Tech Industry. 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.
Tech Industry OKRs examples
We've added many examples of Tech Industry 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 launch a viable startup in the tech industry
ObjectiveLaunch a viable startup in the tech industry
KRHire a core team of five professionals in tech, marketing, and operations
Identify required skills and experience for each job role- Schedule and conduct potential candidate interviews
- Post job vacancies on suitable recruitment platforms
- KRFinalize business plan with a detailed financial projection
- Review and refine existing business model assumptions
- Develop comprehensive profit and loss projections
- Incorporate relevant market research into the plan
- KRSecure investment from at least three different sources for initial capital
- Research and identify potential investors
- Conduct pitching sessions to these investors
- Create a compelling business plan
OKRs to master new relevant technical skills
- ObjectiveMaster new relevant technical skills
- KRApply newly learned skills in 3 different ongoing or upcoming projects
- Evaluate improvements and performance after applying new skills
- Identify projects where new skills can be effectively implemented
- Strategically incorporate newly learned skills into project roles
- KRComplete at least two comprehensive technical courses in my industry
- Research relevant technical courses within the industry
- Regularly attend and complete all course requirements
- Enroll in two chosen comprehensive courses
- KRScore at least 85% on all post-course assessments or certifications
- Create a thorough study plan for each course's material
- Allocate dedicated daily study periods
- Seek assistance for topics you struggle with
OKRs to identify and assess AI tools available in the market
- ObjectiveIdentify and assess AI tools available in the market
- KREvaluate 10 potential AI tools against predefined criteria by the end of Q2
- Research and select 10 AI tools for review
- Assign scores to each tool based on criteria
- Define specific criteria for evaluation
- KRCompile a detailed report illustrating the pros and cons of each examined tool
- Identify and examine each tool's features
- Compile detailed comparison report
- Analyze pros and cons of each tool
- KRConduct 20 market interviews to determine popular AI tools amongst industry experts
- Draft comprehensive, insightful interview questions
- Conduct, record and analyze the interviews
- Identify and target 20 industry experts in AI
How to write your own Tech Industry 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.
Tech Industry 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.
How to track your Tech Industry 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 Tech Industry OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to establish an efficient, regulations-compliant team
- OKRs to increase cost management efficiency for people and operations
- OKRs to achieve proficiency in top-notch testing tools and technologies
- OKRs to ascend the ranks to become a top-tier tennis player
- OKRs to grow sales effort in new markets
- OKRs to enhance impact of capacity-strengthening interventions