Use Tability to generate OKRs and initiatives in seconds.
tability.ioWhat are Consolidation 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.
Writing good OKRs can be hard, especially if it's your first time doing it. You'll need to center the focus of your plans around outcomes instead of projects.
We have curated a selection of OKR examples specifically for Consolidation to assist you. Feel free to explore the templates below for inspiration in setting your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
Consolidation OKRs examples
You will find in the next section many different Consolidation 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!
OKRs to ensure timely submission of financial statement
ObjectiveEnsure timely submission of financial statement
KRImplement a system to track and manage financial records by week 2
Train staff on how to use the system- Choose and purchase the most suitable system
- Research different financial tracking systems available
- KRDedicate three days each month to consolidate financial data
- Gather and organize all necessary financial data
- Select three appropriate days for financial data consolidation
- Perform data consolidation on chosen dates
- KRTrain and enable a backup person to handle financial statement preparation
- Identify a suitable person for financial statement preparation training
- Design a comprehensive training schedule for the selected person
- Provide continuous guidance and support to the trainee
OKRs to optimize the company's financial ratio
- ObjectiveOptimize the company's financial ratio
- KRImprove return on investment ratio by 15% through innovative, profit-focused business strategies
- Research successful innovative profit-focused strategies in similar businesses
- Implement selected profit-focused strategies firm-wide
- Routinely monitor and adjust strategies to maximize profit
- KRIncrease current ratio by 20% through improved asset management and liability reduction
- Optimize cash flow by collecting receivables swiftly
- Improve inventory turnover rate through efficient management
- Implement stringent budget controls to reduce unnecessary spending
- KRDecrease debt-to-equity ratio by 25% by consolidating and repaying outstanding loans
- Evaluate all outstanding loans and identify for consolidation
- Arrange for a convenient debt consolidation plan
- Regularly repay consolidated debt to decrease ratio
OKRs to consolidate all media asset management systems
- ObjectiveConsolidate all media asset management systems
- KRIdentify and document key features of current systems by end of week 2
- Review existing systems to identify key features
- Complete documentation by end of week 2
- Compile feature specifications in a comprehensive document
- KRCreate a unified prototype with essential features of all systems by week 6
- Identify essential features from each system by week 2
- Finalize and test prototype by week 6
- Design unified prototype by week 4
- KRImplement the unified system across all departments, achieving 90% employee adoption by week 12
- Roll out staff-wide system training and education workshops
- Monitor weekly adoption rates and address issues
- Train all department heads on the unified system usage
OKRs to consolidate and streamline server infrastructure
- ObjectiveConsolidate and streamline server infrastructure
- KRCreate comprehensive upgrade plan for remaining servers
- Analyze necessary improvements for each server
- Identify all servers that require an upgrade
- Sketch a detailed upgrade timeline
- KRImplement updated server technology in 40% of systems
- Identify the systems suitable for updated server technology
- Commence 40% system upgrade with updated server technology
- Prepare servers for technology upgrades in chosen systems
- KRReduce active servers by 15% without impacting performance
- Execute server consolidation without affecting user experience
- Identify least-occupied servers and potential consolidation opportunities
- Monitor server performance regularly post-consolidation
How to write your own Consolidation 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.
Consolidation 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
The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the 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
Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.
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 Consolidation OKRs
Quarterly OKRs should have weekly updates to get all the 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
Spreadsheets are enough to get started. Then, once you need to scale you can use a proper OKR platform to make things easier.
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 Consolidation OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to enhance overall customer satisfaction in car rentals
- OKRs to enhance quality assurance in delivery processes
- OKRs to boost website conversion rate to 1%
- OKRs to amplify enterprise producer engagement
- OKRs to boost LinkedIn presence for recruiting and virtual assistance expansion
- OKRs to enhance my teaching effectiveness and student engagement