Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Market Analysis 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.
How you write your OKRs can make a huge difference on the impact that your team will have at the end of the quarter. But, it's not always easy to write a quarterly plan that focuses on outcomes instead of projects.
That's why we have created a list of OKRs examples for Market Analysis to help. You can use any of the templates below as a starting point to write your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
The best tools for writing perfect Market Analysis OKRs
Here are 2 tools that can help you draft your OKRs in no time.
Tability AI: to generate OKRs based on a prompt
Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.
- 1. Create a Tability account
- 2. Click on the Generate goals using AI
- 3. Describe your goals in a prompt
- 4. Get your fully editable OKR template
- 5. Publish to start tracking progress and get automated OKR dashboards
Watch the video below to see it in action 👇
Tability Feedback: to improve existing OKRs
You can use Tability's AI feedback to improve your OKRs if you already have existing goals.
- 1. Create your Tability account
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on Generate analysis
- 4. Review the suggestions and decide to accept or dismiss them
- 5. Publish to start tracking progress and get automated OKR dashboards
Tability 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.
Market Analysis OKRs examples
We've added many examples of Market Analysis Objectives and Key Results, but we did not stop there. Understanding the difference between OKRs and projects is important, so we also added examples of strategic initiatives that relate to the OKRs.
Hope you'll find this helpful!
OKRs to conduct comprehensive market intelligence on competitors
ObjectiveConduct comprehensive market intelligence on competitors
KRAnalyze 10 competitors' product and service offerings
Identify 10 competitors in the market- Perform a detailed analysis comparing competitors' offerings
- Research and list each competitor's products and services
- KRIdentify at least 20 key competitors in the market
- List all known competitors in your business sector
- Research unknown competitors through market analysis
- Compile a list of 20 main competitors
- KRUnderstand the marketing strategies of at least 12 competitors
- Identify 12 key competitors in your business sector
- Gather data on each competitor's marketing approach
- Analyze and contrast each competitor's marketing strategies
- KRDocument and interpret 15 competitors' pricing strategies
- Obtain detailed information on each competitor's pricing strategy
- Analyze and interpret obtained pricing data
- Identify and list 15 primary competitors in the market
OKRs to acquire comprehensive understanding of various companies' missions
- ObjectiveAcquire comprehensive understanding of various companies' missions
- KRRead and analyze mission statements from 50 different industries each week
- Obtain mission statements from each industry
- Compile a list of 50 different industries
- Schedule weekly sessions to read and analyze statements
- KRConduct four in-depth case studies on companies with unique missions monthly
- Identify four companies with unique missions
- Research company background and specifics
- Compile findings into comprehensive case studies
- KRParticipate in two webinars or relevant industry events every month
- Schedule and register for two relevant events
- Attend and actively participate in webinars/events
- Research upcoming webinars or industry events in your field
OKRs to craft a compelling and successful business case
- ObjectiveCraft a compelling and successful business case
- KRConduct detailed market and competitor analysis by end of Week 4
- Analyze market trends and customer preferences
- Gather data on competitor strategy and performance
- Identify key competitors in the market
- KRGather and incorporate feedback from 5 industry experts by end of Week 12
- Collect and analyze received feedback
- Implement relevant feedback into operations
- Identify and reach out to 5 industry experts for feedback
- KRDevelop a clear, attainable business case prototype by end of Week 8
- Review and finalize the prototype by end of Week 8
- Assemble these elements into a clear structure
- Identify key elements of the business case prototype
OKRs to define a standard price for raw materials
- ObjectiveDefine a standard price for raw materials
- KRReview and adjust the established pricing model basis quarterly sales performance
- Make the necessary adjustments to the pricing model
- Analyze quarterly sales performance data
- Assess the current pricing model in light of data
- KRUse data to create a pricing model for various raw materials by month end
- Develop a comprehensive pricing model
- Collect relevant data on raw material costs
- Analyze data trends and fluctuations
- KRConduct market research to understand average raw material prices across 10 competitors
- Analyze data to determine average price
- Research and record each competitor's raw material prices
- Identify top 10 competitors in the market
OKRs to identify the top FP&A software in the market
- ObjectiveIdentify the top FP&A software in the market
- KRResearch and list down at least 20 various FP&A software options by week 3
- Compile and review a list of at least 20 options
- Conduct online research for potential software options
- Identify criteria for FP&A software options
- KRCompare all FP&A software elements for features, cost, and user reviews by week 6
- Compile a list of all FP&A software elements
- Analyze user reviews for each software
- Evaluate each software for features and cost
- KRSelect and present the top 3 FP&A software based on the analysis by week 9
- Analyze software based on selected criteria
- Research various FP&A software options
- Prepare presentation for top three choices
OKRs to reconnect with old customers for exciting deals
- ObjectiveReconnect with old customers for exciting deals
- KRAnalyze and categorize 500 customers' buying patterns and preferences by week two
- Gather data on 500 customers' purchase histories
- Analyze purchasing patterns and personal preferences
- Categorize findings before end of week two
- KRAchieve 30% successful re-engagement with previous customers through new deals
- Deploy tailored email marketing campaigns to the target group
- Analyze feedback and adjust strategy as required
- Develop attractive promotional deals tailored for previous customers
- KRCraft personalized communication with 60% identified customers offering new deals
OKRs to enhance the effectiveness of our performance marketing strategies
- ObjectiveEnhance the effectiveness of our performance marketing strategies
- KRReduce cost per click by 10% by refining ad targeting
- Assess and improve ad quality and relevance
- Apply demographic and geographic targeting
- Identify and focus on top-performing keywords
- KRIncrease conversion rate by 15% through targeted campaigns
- Develop personalized marketing campaigns for target groups
- Analyze customer data to identify potential target groups
- Monitor and adjust campaigns based on performance
- KRImprove return on ad spend by 20% by optimizing marketing budget allocation
- Allocate more budget to high-performing advertising channels
- Continually monitor and readjust marketing spend
- Analyze past advertising campaign data for successful strategies
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
OKRs to enhance email marketing effectiveness to boost customer conversions
- ObjectiveEnhance email marketing effectiveness to boost customer conversions
- KRIncrease email open rate by 20%
- Manage send times to optimize recipient availability
- Redesign email layout to improve visibility and engagement
- Personalize email subjects to pique recipient's interest
- KRImprove click-through rate by 15%
- Enhance ad copy with persuasive, clear messaging
- Optimize email subject lines for better open rates
- Test and refine call-to-action buttons for visibility
- KRBoost conversion rate by 10% from email marketing campaigns
- Segment email list for targeted, personalized content
- Redesign email template to highlight call-to-actions
- A/B test different subject lines to increase open rates
OKRs to conduct thorough analysis of two main competitors
- ObjectiveConduct thorough analysis of two main competitors
- KRIdentify and list 10 key business strategies of each competitor by week 4
- Complete and review strategy lists by week 4
- Research competitors and their unique strategic approaches
- Compile a list of 10 strategies per competitor
- KRCraft and present a detailed comparative report on competitor strategies by week 8
- Research and compile data on current competitor strategies
- Develop a comparative analysis from gathered data
- Prepare and rehearse a detailed presentation report
- KRAnalyse and document competitive product benefits and drawbacks by week 6
- Document drawbacks of competitive products by week 6
- Identify main competitors and their respective products by week 2
- Evaluate competitive product benefits by week 4
Market Analysis 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.
Save hours with automated OKR dashboards
The rules of OKRs are simple. Quarterly OKRs should be tracked weekly, and yearly OKRs should be tracked monthly. 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
We recommend using a spreadsheet for your first OKRs cycle. You'll need to get familiar with the scoring and tracking first. Then, you can scale your OKRs process by using Tability to save time with automated OKR dashboards, data connectors, and actionable insights.
How to get Tability dashboards:
- 1. Create a Tability account
- 2. Use the importers to add your OKRs (works with any spreadsheet or doc)
- 3. Publish your OKR plan
That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.
More Market Analysis OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to qR code integration
- OKRs to maintain financial health by sticking to budget
- OKRs to enhance effectiveness of SIEM event management and correlation
- OKRs to acquire proficiency in business analysis as a beginner
- OKRs to optimize cloud transition expenses
- OKRs to enhance stakeholder synergy and expedite strategic initiatives