2 customisable OKR examples for Value Creation
What are Value Creation 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 Value Creation. 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 Value Creation 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 Value Creation OKRs examples
You will find in the next section many different Value Creation 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 enhance capital management for optimal value creation
Enhance capital management for optimal value creation
Achieve 5% reduction in capital waste by streamlining operations
Develop streamlined processes for identified wasteful operations
Review all operations to identify sources of capital waste
Implement, monitor, and adjust streamlined processes as necessary
Reduce total capital expenditures by 15%
Analyze current capital expenditures for possible cost reductions
Restructure financial plans, prioritizing essential capital investments
Limit investing in new equipment or infrastructure
Increase return on invested capital by 10%
Implement efficiency strategies to cut operational costs
Identify underperforming investments and reallocate funds
Explore new investment avenues with higher returns
2. OKRs to enhance partnership with business for valuable audit plan fruition
Enhance partnership with business for valuable audit plan fruition
Initiate 3 strategic discussions with business stakeholders to identify potential audit areas
Prep for discussions by assessing potential audit zones
Identify key business stakeholders for strategic discussions
Schedule meetings with stakeholders to discuss audit areas
Generate 5+ tangible value creation strategies born from audit insights
Brainstorm and develop potential value creation strategies
Evaluate and finalize top five strategies for implementation
Identify key insights from previous audit reports
Achieve 100% progression on the determined annual audit plan
Determine key priorities, resources and timeframe for the annual audit
Regularly review the audit's progress and address any issues promptly
Ensure thorough communication with relevant personnel throughout the audit process
Value Creation 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
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.
![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
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.
![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 Value Creation 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
Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.
![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 Value Creation OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to enhance my understanding of royalties
OKRs to enhance productivity and operation efficiency in IT management
OKRs to enhance our organization's cybersecurity risk assessment approach
OKRs to boost organic app downloads
OKRs to enhance audience segmentation and customer journey strategies
OKRs to elevate programming skills to become a senior programmer
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.