3 customisable OKR examples for Medical Device
What 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.
Building your own Medical Device 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.
Our customisable 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!
1. OKRs to successfully patent a new medical device
Successfully patent a new medical device
Complete 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
- Submit 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
- Finalize 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
2. OKRs to secure FDA approval for the capital equipment medical device
- Secure FDA approval for the capital equipment medical device
- Complete 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
- Obtain 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
- Pass 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
3. OKRs to file patent for medical device and enhance prototype functionality
- File patent for medical device and enhance prototype functionality
- Thoroughly 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
- Implement three major improvements in the prototype based on testing feedback by Week 12
- Complete 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
Medical Device 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
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.
Tability's audit dashboard will highlight opportunities to improve OKRsTip #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.
Tability's check-ins will save you hours and increase transparencyTip #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 Medical Device OKRs in a strategy map
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.
Tability's Strategy Map makes it easy to see all your org's OKRsIf 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 minimize unavoidable equipment downtime next quarter
- OKRs to enhance skills to become a proficient Shopify app developer
- OKRs to achieve a balance between team learning opportunities and routine tasks
- OKRs to create a profitable and customer-oriented online store
- OKRs to to implement a comprehensive Learning and Development plan
- OKRs to achieve significant reduction in operations cost
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
What's next? Try Tability's goal-setting AI
You can create an iterate on your OKRs using Tability's unique goal-setting AI.
Watch the demo below, then hop on the platform for a free trial.