1 OKR examples for Sponsorship Package Development

What are Sponsorship Package Development 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.

Formulating strong OKRs can be a complex endeavor, particularly for first-timers. Prioritizing outcomes over projects is crucial when developing your plans.

To aid you in setting your goals, we have compiled a collection of OKR examples customized for Sponsorship Package Development. Take a look at the templates below for inspiration and guidance.

If you want to learn more about the framework, you can read more about the OKR meaning online.

Best practices for managing your Sponsorship Package Development OKRs

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

Focus can only be achieve by limiting the number of competing priorities. It is crucial that you take the time to identify where you need to move the needle, and avoid adding business-as-usual activities to your 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 Insights DashboardTability's audit dashboard will highlight opportunities to improve OKRs

Tip #2: Commit to the weekly check-ins

Having good goals is only half the effort. You'll get significant more value from your OKRs if you commit to a weekly check-in process.

Being able to see trends for your key results will also keep yourself honest.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

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 below). 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.

Building your own Sponsorship Package Development OKRs with AI

While we have some examples below, it's likely that you'll have specific scenarios that aren't covered here. There are 2 options available to you.

Best way to track your Sponsorship Package Development 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

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 TabilityTability's Strategy Map makes it easy to see all your org's OKRs

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.

Sponsorship Package Development OKRs templates

We've covered most of the things that you need to know about setting good OKRs and tracking them effectively. It's now time to give you a series of templates that you can use for inspiration!

You'll find below a list of Objectives and Key Results templates for Sponsorship Package Development. We also included strategic projects for each template to make it easier to understand the difference between key results and projects.

Hope you'll find this helpful!

OKRs to improve promotion and sponsorship package development

  • ObjectiveImprove promotion and sponsorship package development
  • Key ResultSecure sponsorship agreement with at least one new major partner
  • TaskNegotiate an agreement that aligns with both parties' goals and finalize the partnership
  • TaskCreate a compelling sponsorship proposal that showcases the benefits for potential partners
  • TaskConduct targeted outreach to the identified major partners for sponsorship opportunities
  • TaskDevelop a list of potential major partners in the target industry
  • Key ResultEnhance the promotion package by incorporating innovative and attractive elements
  • TaskIncorporate interactive elements in promotion package to engage target audience
  • TaskResearch innovative promotional strategies and identify effective and attractive elements
  • TaskTest different promotional elements with focus groups to determine effectiveness and attractiveness
  • TaskCollaborate with design team to create visually appealing promotional materials
  • Key ResultIncrease the number of potential sponsors contacted by 20%
  • TaskCollaborate with sales team to identify and reach out to potential sponsors
  • TaskImplement a monthly email outreach campaign targeting potential sponsors
  • TaskUtilize social media platforms to engage and contact new potential sponsors
  • TaskAttend relevant industry events to network and connect with potential sponsors
  • Key ResultTrack and achieve a 15% increase in sponsorship revenue compared to the previous quarter
  • TaskDevelop a targeted marketing campaign to promote sponsorship opportunities to potential sponsors
  • TaskEstablish regular communication with existing sponsors to explore opportunities for increased sponsorship contributions
  • TaskAnalyze and adapt sponsorship package to make it more appealing to potential sponsors
  • TaskResearch and identify potential new sponsors in relevant industries

More Sponsorship Package Development OKR templates

We have more templates to help you draft your team goals and OKRs.

OKRs resources

Here are a list of resources to help you adopt the Objectives and Key Results framework.