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tability.ioWhat are Strategy Development Team 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.
Crafting effective OKRs can be challenging, particularly for beginners. Emphasizing outcomes rather than projects should be the core of your planning.
We have a collection of OKRs examples for Strategy Development Team to give you some inspiration. You can use any of the templates below as a starting point for your OKRs.
If you want to learn more about the framework, you can read our OKR guide online.
Strategy Development Team OKRs examples
You will find in the next section many different Strategy Development Team 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 enhance customer interaction and support
ObjectiveEnhance customer interaction and support
KRIncrease customer support satisfaction rate by 20%
Offer prompt responses to customer queries and complaints- Regularly gather customer feedback and make necessary improvements
- Implement comprehensive training for customer support staff
- KRReduce customer support ticket response time by 15%
- Implement a chatbot for immediate handling of common queries
- Update customer support tools/software to increase productivity
- Train support staff for enhanced efficiency and faster response
- KRImplement a new customer engagement strategy to boost interaction by 30%
- Monitor and adjust strategy effectiveness
- Train staff to execute customer engagement strategies
- Develop a comprehensive customer engagement strategic plan
OKRs to develop a cohesive investor relations strategy for effective fundraising
- ObjectiveDevelop a cohesive investor relations strategy for effective fundraising
- KRSecure commitments for fundraising from 5 potential investors following strategy implementation
- Schedule and conduct meetings with potential stakeholders
- Obtain written commitments from investors
- Craft persuasive, personalized pitches for potential investors
- KRTrain 80% of team on strategy execution for secure investor communication
- Monitor and ensure 80% team participation in training
- Identify team members needing strategy execution training
- Schedule training sessions on secure investor communication
- KRCreate strategy document involving all departments within 1 month
- Identify key stakeholders across all departments
- Schedule meetings to discuss strategies
- Write and revise comprehensive strategy document
OKRs to implement SOCs playbooks for abnormal activities
- ObjectiveImplement SOCs playbooks for abnormal activities
- KRDefine 10 unique abnormal case scenarios by end of Week 4
- Identify possible areas vulnerable to abnormalities
- Review and finalize abnormal case scenarios
- Brainstorm and outline 10 unique abnormal scenarios
- KRTrain all SOC staff on newly developed playbooks ensuring 90% pass rate by Week 12
- Develop comprehensive training module on new playbooks for SOC staff
- Conduct frequent assessments to achieve 90% pass rate
- Schedule and implement ongoing training sessions till Week 12
- KRDevelop and validate 10 effective response strategies for indicated scenarios by Week 8
- Identify potential scenarios by Day 3 of Week 1
- Complete validation process for strategies by Week 7
- Formulate initial response strategies by Week 2
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 strategic decision-making skills
- ObjectiveEnhance strategic decision-making skills
- KRGather and analyze feedback on decision efficiency from 5 colleagues
- Collect and analyze the returned surveys
- Identify five colleagues to provide feedback
- Develop and distribute an efficiency feedback survey
- KRImplement learned strategies in 3 real-life scenarios successfully
- Utilize learned strategy in first identified scenario
- Identify 3 real-life scenarios where strategies can be applied
- Document the success of each strategy implementation
- KRComplete a decision-making course with at least 85% score
- Consistently attend classes and complete all assignments
- Register for a reputable decision-making course
- Study regularly to achieve at least 85% score
OKRs to develop relevant KPI examples for service designers in businesses
- ObjectiveDevelop relevant KPI examples for service designers in businesses
- KRIdentify 10 common KPIs used by service designers across various industries
- Interview service designers about their preferred KPIs
- Review industry reports for commonly used KPIs
- Research online for popular KPIs in service design
- KRTest three KPI implementation strategies with five businesses and solicit feedback
- Implement three KPI strategies in selected businesses
- Identify five businesses to test KPI strategies on
- Collect feedback from these businesses on effectiveness
- KRCreate a detailed blueprint for implementing each KPI within two weeks
- Identify crucial KPIs relevant to the business's goals and operations
- Design a comprehensive implementation plan for each KPI
- Set a timeline and dedicate resources for KPI implementation
OKRs to increase conversion rate of free subscribers to paid subscribers
- ObjectiveIncrease conversion rate of free subscribers to paid subscribers
- KRRelease two new premium features exclusive for paid subscribers
- Develop detailed specifications for the two new premium features
- Plan a marketing campaign to promote the new features
- Execute a testing procedure to ensure feature efficiency
- KRImplement a new marketing strategy to increase free to paid user conversions by 15%
- Create incentivized referral programs for paid users
- Implement targeted email campaigns to drive conversion
- Develop premium features that add significant value to paid plans
- KRConduct 3 A/B tests monthly to improve landing page conversion rates by 20%
- Identify key elements of landing page to test
- Analyze data and apply successful changes
- Develop and implement A/B versions
OKRs to effectively design and execute a comprehensive campaign management system
- ObjectiveEffectively design and execute a comprehensive campaign management system
- KRIdentify, track and improve upon any gaps or challenges in the implemented strategies by month three
- Develop improvement plans for identified gaps
- Identify current shortcomings in implemented strategies
- Track performance metrics of these strategies
- KRSuccessfully implement 75% of the blueprint strategies by the second month
- Monitor progress regularly and adjust plans accordingly
- Prioritize key strategies from the blueprint for immediate implementation
- Assign team roles for strategy execution
- KRCraft a detailed campaign management design blueprint within the first month
- Outline methods for tracking and evaluating campaign success
- Identify the campaign's objectives and target audience
- Develop a comprehensive campaign strategy and timeline
OKRs to establish a new vertically integrated business line
- ObjectiveEstablish a new vertically integrated business line
- KRLaunch a pilot project using this business line, achieving 20% ROI
- Develop a comprehensive business strategy to ensure 20% ROI
- Identify a suitable project for implementing the new business line
- Execute the pilot project using the developed strategy
- KRCreate a business plan incorporating these competencies by the quarter's end
- Draft a business plan incorporating the identified competencies
- Identify and list the specific competencies required for the business plan
- Refine and finalize the business plan for presentation
- KRIdentify and define 3 core competencies relevant to the new business line
- Set clear definitions for each identified core competency
- Research core competencies critical for success in the new business line
- Establish relevancy of each competency to the new business
OKRs to develop and implement a global lead generation strategy with banks
- ObjectiveDevelop and implement a global lead generation strategy with banks
- KRGenerate 30% increase in quality leads sourced via global banks
- Tailor marketing strategies to target bank-based clienteles
- Develop partnerships with global banking institutions for lead generation
- Improve lead qualification process between banks and our company
- KRSecure 5 partnerships agreements with global banks to facilitate lead generation
- Identify and research potential global bank partners
- Initiate meetings to present partnership proposals
- Develop tailored partnership proposals for each bank
- KRIdentify and engage with 20 potential global banking partners by quarter-end
- Reach out to each bank for initial potential partnership discussion
- Compile a list of 20 potential global banking partners
- Set and maintain follow-up meetings to build relationships
How to write your own Strategy Development Team 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.
Strategy Development Team 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 Strategy Development Team 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 Strategy Development Team OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to to effectively elevate my leadership abilities
- OKRs to expand brand reach through innovative marketing practices
- OKRs to establish a fully functional over-the-counter (OTC) trading desk
- OKRs to streamline and expedite cost allocation computation process
- OKRs to accelerate development via automation
- OKRs to enhance efficiency in meeting accounting task deadlines