OKR template to boost the company's overall revenue

public-lib · Published 10 months ago

Your OKR template

The OKR titled "Boost the company's overall revenue" aims to increase financial profitability in three distinct ways. The first objective is to enhance product sales by 15%, achieved by increasing product visibility online, executing successful marketing tactics, and by improving customer engagement and the feedback process.

The second objective within this OKR focuses on reducing operational costs by 10%. Strategy for meeting this target includes implementing energy-efficient practices throughout the company, renegotiating contracts with suppliers and vendors for more favorable conditions, and minimizing nonessential overtime for staff which could otherwise contribute to operation costs.

The final objective included in the OKR pushes for the launch of 2 new profitable products. To accomplish this, the company's plan includes finalizing and launching new product lines, developing marketing strategies specifically for these new additions, and continuously scouting for potential profitable products in the market.

Overall, this OKR aims to maximize profitability through increased sales, cost reduction, and the introduction of profitable products.

ObjectiveBoost the company's overall revenue
KRIncrease product sales by 15%
Enhance product visibility on online platforms
Develop and implement targeted marketing strategies
Improve customer engagement and feedback process
KRDecrease operational costs by 10%
Implement energy efficiency measures across all departments
Negotiate better terms with suppliers and vendors
Trim down unnecessary staff overtime
KRLaunch 2 new profitable products
Finalize and launch the new products
Develop marketing strategy for new products
Identify and research potential profitable products

Use in Tability

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