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tability.ioWhat are Medical Device 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 understand that setting OKRs can be challenging, so we have prepared a set of examples tailored for Medical Device. Take a peek at the templates below to find inspiration and kickstart your goal-setting process.
If you want to learn more about the framework, you can read our OKR guide online.
Medical Device OKRs examples
We've added many examples of Medical Device 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 successfully patent a new medical device
ObjectiveSuccessfully patent a new medical device
KRComplete comprehensive patent application, including claims and drawings, by Week 8
Draft claims and outline for patent application by Week 3- Finalise and submit patent application by Week 8
- Create required drawings for application by Week 5
- KRSubmit patent application to USPTO and receive confirmation of receipt by Week 12
- Prepare and finalize patent application details
- Submit final application to USPTO
- Secure confirmation of receipt from USPTO
- KRFinalize device design and conduct proof-of-concept tests by Week 4
- Execute concept tests and compile results
- Complete the final adjustments to device design
- Set up a comprehensive schedule for concept tests
OKRs to secure FDA approval for the capital equipment medical device
- ObjectiveSecure FDA approval for the capital equipment medical device
- KRComplete and submit comprehensive FDA application by week 4
- Thoroughly fill out the FDA application form accurately and comprehensively
- Gather all necessary documentation and information for FDA application
- Submit the completed FDA application before the deadline in week 4
- KRObtain confirmation of FDA approval by end of the quarter
- Regularly follow-up with FDA regarding application status
- Prepare and submit all necessary documentation for FDA approval
- Ensure all response deadlines to FDA inquiries are met
- KRPass all necessary FDA inspections successfully with zero citations
- Implement strict internal quality control measures
- Regularly inspect and document all processes for compliance
- Review and comprehend all FDA guidelines and expectations
OKRs to file patent for medical device and enhance prototype functionality
- ObjectiveFile patent for medical device and enhance prototype functionality
- KRThoroughly research patents in the related field to ensure uniqueness by end of Week 4
- Identify relevant fields for patent search
- Analyze findings for potential uniqueness conflicts
- Conduct comprehensive patent search through online databases
- KRImplement three major improvements in the prototype based on testing feedback by Week 12
- KRComplete drafting a unique and detailed patent application by Week 8
- Finalize application, including all diagrams and claims
- Write a comprehensive description of the invention
- Research and analyze existing patents relevant to the invention
How to write your own Medical Device 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.
Medical Device 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 Medical Device 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
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 Medical Device OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to drive revenue growth through personalisation
- OKRs to establish a thriving Community of Practice to enhance collaborative learning
- OKRs to establish a high-performing IT team
- OKRs to improve professional development through agreed certifications
- OKRs to increase accuracy of hiring needs analysis for optimal requirement forecasting
- OKRs to ensure timely submission of Financial Statements (FS)