OKR template to boost company's turnover and profit margins
Your OKR template
The second objective is to decrease overhead costs by 10%, which would in turn enhance net profit. This is to be accomplished by negotiation with suppliers for lower prices, implementing energy-saving measures in the office, and identifying and eliminating redundant costs in business processes.
The final facet of this OKR is the improvement of operational efficiency by 15% to boost profits. The strategy to meet this goal includes reviewing and streamlining all current operational processes, implementing advanced productivity tools, and training staff on efficiency practices.
Overall, this OKR covers a comprehensive plan to increase sales, cut costs, and improve efficiency; all aimed at boosting the company's turnover and profit margins.
ObjectiveBoost company's turnover and profit margins
KRGrow sales by 20% within the quarter
Research competitors' strategies and successful sales tactics- Implement customer loyalty rewards program
- Conduct targeted marketing campaigns based on customer data
- KRDecrease overhead costs by 10% to enhance net profit
- Negotiate lower prices with suppliers
- Implement energy-saving measures within the office
- Identify and eliminate redundant costs in business operations
- KRImprove operational efficiency by 15% to boost profits
- Review and streamline all current operational processes
- Implement advanced productivity tools
- Train staff on efficiency practices
How to edit and track OKRs with Tability
You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.
Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.
With Tability you can:
- Use AI to draft a complete set of OKRs in seconds
- Connect your OKRs and team goals to your project
- Automate reporting with integrations and built-in dashboard
Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.
The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.
Step 1. Sign up for a free Tability account
Go tohttps://tability.app/signup and create your account (it's free!)
Step 2. Create a plan
Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.
Step 3. Use the magic importer
Click on Use magic import to open up the Magic Import modal.
Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.
Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!
Now, just click on Import from text and let the magic happen.
Once your example is in the plan editor, you will be able to:
- Edit the objectives, key results, and tasks
- Click on the target 0 → 100% to set better target
- Use the tips and the AI to refine your goals
Step 4. Publish your plan
Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.
From there you will have access to all the features that will help you and your team save hours with OKR reporting.
- 10+ built-in dashboards to visualise progress on your goals
- Weekly reminders, data connectors, and smart notifications
- 9 views to map OKRs to strategic projects
- Strategy map to align teams at scale