15 customisable OKR examples for Business Development
What are Business Development 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.
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 Development 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.
Building your own Business Development OKRs with AI
While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own OKRs.
Feel free to explore our tools:
- Use our free OKR generator
- Use Tability, a complete platform to set and track OKRs and initiatives, including a GPT-4 powered goal generator
Our customisable Business Development OKRs examples
We've added many examples of Business Development 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!
1. OKRs to participate in project formulation and business case development
Participate in project formulation and business case development
Contribute towards developing 2 business cases impacting project decisions
Identify key objectives for each proposed business case
Lay out potential impacts on project decisions
Prepare detailed presentations summarizing each case
Gain proficient understanding of 4 unique business case models
Research and study 4 diverse business case models
Analyze strengths and weaknesses of each model
Apply learned concepts to real-world business scenarios
Engage in 3 distinct project formulation processes by end of the quarter
Identify potential projects to formulate
Outline the key objectives for each project
Finalize and document all project plans
2. OKRs to secure two contracts with value at least $300,000
Secure two contracts with value at least $300,000
Successfully negotiate and close at least two contracts valued above $150,000 each
Research and identify potential high-value clients
Develop customized proposals for each client
Conduct persuasive negotiation meetings
Conduct 30 business proposal presentations for potential clients
Schedule and execute 30 presentations
Create and refine business proposal presentations
Identify and research 30 potential clients for proposals
Identify and reach out to 50 potential clients by the end of the quarter
Send outreach messages to each potential client
Draft a personalized outreach message for each contact
Create a list of 50 potential clients relevant to our business
3. OKRs to drive Business Expansion in Saudi Arabia's school sector
Drive Business Expansion in Saudi Arabia's school sector
Obtain 10 new client contracts from GCC school sector
Research potential GCC school sector clients
Develop and send proposals to identified schools
Follow-up meetings, negotiate, and finalize contracts
Secure 30 new successful B2B interactions with GCC schools
Follow-up with proposals to close on agreements
Send tailored partnership proposals to identified schools
Identify 50 GCC schools as potential B2B partners
Increase lead generation by 40% through tailored marketing and sales outreach
Develop personalized marketing campaigns targeting potential leads
Intensify sales outreach efforts with tailored proposals
Enhance data analysis to identify and reach untapped markets
4. OKRs to craft a compelling and successful business case
Craft a compelling and successful business case
Conduct 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
Gather 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
Develop 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
5. OKRs to successful Business Launch in Africa
Successful Business Launch in Africa
Achieve product engagement from 10,000 unique African users
Offer tailored user-support services in local languages
Partner with African influencers for product endorsements
Develop user-centered, localized marketing strategies for African markets
Forge and establish 3 strategic local partnerships by quarter end
Identify potential local businesses for partnership opportunities
Arrange meetings to discuss potential collaborations
Negotiate terms and finalize partnership agreements
Gain a 5% market share in the chosen African region
Establish relationships with local distribution channels for product accessibility
Develop a targeted marketing strategy focusing on the identified local interests
Conduct market research to understand local customer preferences and buying habits
6. OKRs to identify and assess new growth opportunities
Identify and assess new growth opportunities
Conduct detailed feasibility studies for identified opportunities to determine viability
Evaluate viability based on research outcomes
Identify opportunities for feasibility study
Perform detailed review of business prospects
Research and pinpoint 10 potential new market areas for business expansion
Analyse findings to determine viability for business expansion
Identify sectors and industries where our business can potentially expand
Conduct detailed market research on the 10 identified areas
Develop and present 5 comprehensive business proposals for promising opportunities
Develop comprehensive proposals for each opportunity
Prepare presentations for each business proposal
Identify 5 promising business opportunities for proposal
7. OKRs to achieve dominance in digital payment acceptance market
Achieve dominance in digital payment acceptance market
Expand to 3 new key geographical markets
Develop a market entry strategy tailored for each region
Allocate resources for marketing and operations in new markets
Identify potential markets based on product demand and customer demographic
Increase total transaction volume by 25%
Implement targeted marketing campaigns to attract new customers
Invest in user-friendly transaction platform improvements
Offer incentives for high-volume transactions
Secure partnerships with 5 leading eCommerce platforms
Develop tailored pitches for partnership proposals
Reach out to eCommerce platforms with partnership proposals
Identify top 5 eCommerce platforms suitable for partnership
8. OKRs to boost product visibility and establish success pipeline in new markets
Boost product visibility and establish success pipeline in new markets
Raise product awareness by 40% using targeted advertising in selected new markets
Implement and monitor these targeted advertising campaigns
Identify potential new markets for targeted advertising efforts
Develop specific, appealing ads for these selected markets
Generate a 25% increase in product trial users in new markets
Launch targeted online ad campaigns in new markets
Collaborate with influencers popular in potential markets
Implement a referral program offering incentives for new users
Secure 10 new, potential business partnerships for product distribution
Identify suitable companies for potential partnerships
Reach out to these companies with a business proposal
Schedule meetings to discuss partnership details
9. OKRs to establish credibility and affordability in the tour agency market
Establish credibility and affordability in the tour agency market
Establish partnerships with 3 major local tourism providers for affordable packages
Initiate meetings to present proposals and negotiate terms
Develop package proposals tailored to each provider
Identify potential local tourism providers for partnership
Generate 20% increase in return customers through competitive pricing strategies
Develop and implement competitive pricing structure
Evaluate and adjust pricing strategies based on business performance
Research competitors' pricing strategies and consumer responses
Secure 5 positive testimonials from satisfied customers
Reach out to happy customers to request testimonials
Follow-up on testimonial progress after consultation
Brief customers on testimonial forms and content expectations
10. OKRs to secure venture capital funding for Plika's Latam expansion
Secure venture capital funding for Plika's Latam expansion
Secure a minimum of $1million in funding committed by at least 2 investors
Conduct engaging pitch meetings with selected investors
Identify and connect with potential investors
Develop a comprehensive, persuasive business plan presentation
Arrange pitch meetings with a minimum of 10 prospective Venture Capital investors
Identify and research 10 prospective Venture Capital investors
Prepare a compelling investment pitch presentation
Schedule meetings via email or phone calls
Identify and prioritize 20 potential Venture Capitalists suitable for our expansion strategy
Research and compile a list of 20 potential venture capitalists
Analyze each prospect's investment tendencies and records
Rank potential investors based on alignment with our expansion strategy
11. OKRs to deepen WIMU penetration in Latin America using the marketing-influenced deals approach
Deepen WIMU penetration in Latin America using the marketing-influenced deals approach
Acquire 25 new WIMU partner memberships by end of quarter
Outline and implement a referral reward program
Organize partnership outreach events or webinars
Create a compelling WIMU partner membership marketing campaign
Increase cross-border WIMU deals by 30% quarter-over-quarter
Strengthen relationships with cross-border partners
Develop and implement targeted marketing strategies
Identify potential markets and analyse their success potential for WIMU deals
Enhance marketing campaign's reach to hit 200,000 engagements across Latin America
Research popular social platforms in Latin America
Create engaging content tailored to the demographic
Implement targeted paid advertisements
12. OKRs to secure new clientele from three distinct sectors
Secure new clientele from three distinct sectors
Identify and establish contacts with 50 potential clients from different industries
Research diverse industries to identify 50 potential clients
Initiate contact with potential clients via email or phone
Arrange and conduct initial client meetings or presentations
Successfully pitch services to at least 30% of the identified potential clients
Schedule and conduct efficient, persuasive pitch meetings
Develop and refine customized service pitch for each client
Identify and research potential clients' needs and interests
Convert 15% of pitched potential clients into signed contracts
Train team in negotiation techniques to secure contracts
Enhance proposals with detailed, customized solutions for each client
Improve follow-up strategies to maintain contact post-pitch
13. OKRs to formulate and Implement a robust Business and Product Strategy
Formulate and Implement a robust Business and Product Strategy
Implement 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
Develop 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
Identify 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
14. OKRs to secure partnerships with strategic industry leaders to drive business growth
Establish key partnerships to drive growth
Identify and prioritize potential partners based on revenue and market share
Track the success of each partnership by setting clear KPIs and regularly measuring progress
Develop a compelling pitch deck and present to at least 10 potential partners
Sign partnership agreements with at least 3 of the identified partners
15. OKRs to secure a new project contract with a new client
Secure a new project contract with a new client
Identify and establish contact with 50 potential new clients within the industry
Research to compile a list of 50 potential clients within the industry
Send emails to identified potential clients
Draft a personalized introductory email to establish contact
Submit high-quality proposals to at least 20 new prospective clients
Develop robust, customized proposals for each client
Submit the proposals and follow up promptly
Identify 20 potential new clients and research their needs
Successfully negotiate and finalize at least one contract with a new client
Identify and research potential new clients
Craft and send personalized business proposals
Arrange negotiation meetings to finalize contract
Business Development OKR best practices to boost success
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
Having too many OKRs is the #1 mistake that teams make when adopting the framework. The problem with tracking too many competing goals is that it will be hard for your team to know what really matters.
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.
![Tability Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/tability-insights-board.e70f9466.png)
Tip #2: Commit to weekly OKR check-ins
Setting good goals can be challenging, but without regular check-ins, your team will struggle to make progress. We recommend that you track your OKRs weekly to get the full benefits from the framework.
Being able to see trends for your key results will also keep yourself honest.
![Tability Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/checkins-graph.b2aec458.png)
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 turn your Business Development OKRs in a strategy map
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
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 a proper OKR-tracking tool for it.
![A strategy map in Tability](https://tability-templates-v2.vercel.app/_next/static/media/tability_strategy_map.2ad25843.png)
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 Development OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to enhance data quality and KPI report precision
OKRs to successfully complete and submit a quality financial report within 5 days
OKRs to minimize customer fraud risk exposure
OKRs to improve payroll accuracy and efficiency
OKRs to boost the volume of organic website traffic
OKRs to increase revenue to achieve $25,000 gain
OKRs resources
Here are a list of resources to help you adopt the Objectives and Key Results framework.
- To learn: What is the meaning of OKRs
- Blog posts: ODT Blog
- Success metrics: KPIs examples
Create more examples in our app
You can use Tability to create OKRs with AI – and keep yourself accountable 👀
Tability is a unique goal-tracking platform built to save hours at work and help teams stay on top of their goals.
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