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tability.ioWhat are Business Plan 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.
Formulating strong OKRs can be a complex endeavor, particularly for first-timers. Prioritizing outcomes over projects is crucial when developing your plans.
We've tailored a list of OKRs examples for Business Plan to help you. You can look at any of the templates below to get some inspiration for your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
Business Plan OKRs examples
You'll find below a list of Objectives and Key Results templates for Business Plan. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.
Hope you'll find this helpful!
OKRs to successfully launch a small business
ObjectiveSuccessfully launch a small business
KRSecure initial funding of at least $X through personal savings, loans, or investors
Determine available personal savings for business investment- Research loan options and apply where feasible
- Begin networking to attract potential investors
- KRDevelop a comprehensive business plan by identifying key opportunities and potential risks
- Identify key opportunities in your business sector
- Analyze potential risks to your business
- Draft a comprehensive business plan
- KRSecure a location and necessary permits to operate, ensuring regulatory compliance
- Establish procedures to assure continuous regulatory compliance
- Identify potential operating locations suiting the business requirements
- Initiate application process for necessary operating permits
OKRs to enhance the firm's business continuity plan
- ObjectiveEnhance the firm's business continuity plan
- KRTrain every department on the business continuity plan to increase company preparedness
- Schedule training sessions for all departments
- Monitor staff comprehension and address queries after training
- Develop comprehensive training material on business continuity plan
- KRConduct at least two BCP drills to identify and address potential weaknesses
- Schedule two Business Continuity Plan (BCP) drills
- Execute BCP drills, note all weaknesses
- Develop solutions to address identified weaknesses
- KRDevelop a full business continuity plan covering all key operational areas
- Draft detailed contingency strategies for each area
- Identify all key operational areas needing continuity measures
- Review and revise continuity plan regularly
OKRs to establish a successful National Archive Centre business
- ObjectiveEstablish a successful National Archive Centre business
- KRIdentify and secure a suitable location for the Archive Centre
- Finalize lease or purchase agreement for chosen location
- Evaluate locations based on accessibility, size, and security
- Research potential locations for the Archive Centre
- KRSecure agreement from 10+ key stakeholders by end of the quarter
- Schedule individual meetings for proposal discussions
- Identify and list the top 10+ key stakeholders
- Draft an agreement proposal highlighting mutual benefits
- KRDevelop a comprehensive business plan with clear projected financials
- Create pro forma financial statements
- Research and compile essential market data
- Draft detailed business strategy
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 successfully organize 75 engaging tour groups
- ObjectiveSuccessfully organize 75 engaging tour groups
- KRPartner with 80 local businesses for food, transportation, and attraction packages
- Formalize agreements and prepare package details
- Identify and list potential local businesses for partnership
- Develop and pitch partnership proposals to each business
- KROnboard and train at least 10 dedicated tour guides for improved tour quality
- Carry out in-depth training for selected individuals
- Interview possible candidates for tour guide positions
- Assign each guide to specific tour routes
- KRFinalize 78 diverse and engaging itineraries to attract a broad audience
- Confirm all itinerary dates and destinations
- Review and update activities within each itinerary
- Finalize and approve all itinerary descriptions
OKRs to develop an effective transformation plan to enhance business operations
- ObjectiveDevelop an effective transformation plan to enhance business operations
- KRDesign and finalize a detailed transformation plan involving at least 10 improvements
- Develop detailed changes for each identified area
- Identify ten areas/elements that require improvement
- Validate, review and finalize the transformation plan
- KRImplement transformation plan in 3 operational areas and achieve 15% performance improvement
- Monitor, assess, and adjust strategies for continuous performance enhancement
- Develop strategies to achieve 15% performance improvement in those areas
- Identify three operational areas for implementation of transformation plan
- KRIdentify and analyze at least 20 areas of current business operations needing improvement
- Prioritize areas based on improvement potential
- Identify 20 areas in current operations requiring enhancements
- Analyze each identified area's performance levels
OKRs to acquire proficiency in business analysis as a beginner
- ObjectiveAcquire proficiency in business analysis as a beginner
- KRExecute two successful business analysis projects under supervision
- Develop detailed project plans under supervisor guidance
- Identify and define two suitable business analysis projects
- Implement projects, ensuring objectives are met successfully
- KRGain feedback showing 90% satisfaction from 5 different team members on collaboration skills
- Solicit feedback from each team member
- Conduct an anonymous survey on collaboration skills
- Review and analyze received responses
- KRComplete four certified business analysis courses online
- Dedicate regular study times and complete all coursework
- Enroll in the chosen business analysis courses
- Research and select four online certified business analysis courses
OKRs to formulate and Implement a robust Business and Product Strategy
- ObjectiveFormulate and Implement a robust Business and Product Strategy
- KRImplement and test product strategy with a minimum viable product in 6 weeks
- Develop a prototype of the minimum viable product
- Implement a detailed product strategy
- Conduct rigorous testing and gather feedback
- KRDevelop a comprehensive business strategy with measurable goals within 3 weeks
- Draft a comprehensive, strategic business plan
- Define measurable, time-bound business goals
- Research market trends and study competitors for business strategy formulation
- KRIdentify and analyse 5 key competitor business strategies within next quarter
- Identify 5 main competitors in the market
- Analyze each strategy's effectiveness and performance
- Research and note down their business strategies
OKRs to enhance partnership with business for valuable audit plan fruition
- ObjectiveEnhance partnership with business for valuable audit plan fruition
- KRInitiate 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
- KRGenerate 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
- KRAchieve 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
OKRs to penetrate new regions to boost architecture service revenue
- ObjectivePenetrate new regions to boost architecture service revenue
- KRDevelop a localized business strategy for the chosen geography by week six
- Identify target market and relevant dynamics in chosen geography by week two
- Construct localized business strategy by week four
- Finalize and review strategy for implementation by week six
- KRIdentify and analyze 3 potential geographies for expansion within two weeks
- Compile list of potential geographic areas for expansion
- Analyze demographic data for each potential area
- Present findings and recommend best three locations
- KRAchieve 10% revenue increase from new geography by the end of the quarter
- Develop a strategic marketing plan for penetration
- Identify high potential markets within the new geography
- Implement sales and distribution channels effectively
How to write your own Business Plan 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.
Business Plan 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
Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your OKRs.
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
Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.
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 Business Plan OKRs
OKRs without regular progress updates are just KPIs. You'll need to update progress on your OKRs every week to get the full benefits from the 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
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, once you get comfortable you can graduate to a proper OKRs-tracking tool.
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 Business Plan OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to successfully adapt and contribute to the new team and project
- OKRs to boost trading volume by 30%
- OKRs to implement effective cloud cost management and budget alignment strategies
- OKRs to enhance synergy between startup house and startup ecosystem
- OKRs to boost active participation from industry partners and stakeholders
- OKRs to enhance overall user experience on our platform