OKR template to increase revenue streams for the company
Your OKR template
The second objective focuses on boosting the customer retention rate by 15%. Actions to hit this target involve regularly seeking consumer feedback and making necessary improvements, enhancing customer service responsiveness and quality, plus implementing a customer loyalty program with exclusive privileges.
The final objective is the launch of three new profitable products or services. Activities under this objective involve developing and testing prototypes for feasibility and profitability, executing effective marketing and sales strategies for product launch, and conducting market research to ascertain potential product or service options.
In summary, by enhancing order value, customer retention, and the number of profitable products, the OKR gears towards augmenting multiple revenue streams for the business.
ObjectiveIncrease revenue streams for the company
KRIncrease average order value by 10%
Introduce upselling and cross-selling strategies on desirable products- Develop enticing bundle deals and promotions
- Implement a loyalty program with order-value-based rewards
- KRBoost customer retention rate by 15%
- Regularly seek customer feedback and implement improvements
- Improve customer service responsiveness and quality
- Implement a customer loyalty program with exclusive benefits
- KRLaunch 3 new profitable products or services
- Develop prototypes and test each for feasibility and profitability
- Execute effective marketing and sales strategies for launch
- Conduct market research to identify viable product or service options
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