11 customisable OKR examples for Strategy Development Team
What 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.
Building your own Strategy Development Team 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 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!
1. OKRs to develop a cohesive investor relations strategy for effective fundraising
Develop a cohesive investor relations strategy for effective fundraising
Secure 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
Train 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
Create 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
2. 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
3. OKRs to enhance strategic decision-making skills
Enhance strategic decision-making skills
Gather 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
Implement 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
Complete 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
4. OKRs to develop relevant KPI examples for service designers in businesses
Develop relevant KPI examples for service designers in businesses
Identify 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
Test 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
Create 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
5. OKRs to increase conversion rate of free subscribers to paid subscribers
Increase conversion rate of free subscribers to paid subscribers
Release 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
Implement 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
Conduct 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
6. OKRs to establish a new vertically integrated business line
Establish a new vertically integrated business line
Launch 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
Create 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
Identify 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
7. OKRs to achieve promotion to an executive position
Achieve promotion to an executive position
Develop and implement a new business strategy resulting in 10% revenue increase
Execute new strategy, monitor progress, adjust tactics as necessary
Evaluate current business strategies, identify areas for potential growth
Develop a comprehensive plan to increase revenue by 10%
Reduce department expenses by 15% without sacrificing quality
Negotiate vendor contracts for better pricing deals
Identify areas of unnecessary spending within the department
Implement cost-efficient technology solutions
Increase team project completion rate by 20%
Implement regular status checks and progress reporting
Provide training in efficient project management tools
Improve workload distribution amongst team members
8. OKRs to secure series A financing
Secure series A financing
Develop a compelling business plan and pitch deck
Conduct market research and identify target audience for business plan
Incorporate financial projections and ROI analysis to support the business plan and pitch deck
Clearly outline the problem, solution, and value proposition in the business plan
Create a visually appealing pitch deck with concise and engaging content
Achieve a 10% increase in investor meetings
Establish and maintain relationships with key industry influencers and networks to expand investor connections
Increase outreach efforts to potential investors through targeted email campaigns
Develop and deliver compelling presentations to attract investor interest and secure meetings
Utilize social media platforms to promote our company and engage with potential investors
Increase investor outreach by 50%
Create personalized email campaigns for targeted investor segments
Develop a comprehensive database of potential investors
Leverage social media platforms to engage with potential investors and share updates
Schedule regular investor meetings and webinar sessions to disseminate information
Receive positive feedback from at least 75% of the potential investors
Conduct thorough research on potential investors to understand their interests and preferences
Follow up with investors promptly, addressing any questions or concerns they may have
Deliver a compelling and concise presentation that clearly communicates the value proposition
Tailor pitch deck to highlight benefits and potential returns for investors
9. OKRs to effectively craft and define OKR for strategic clarity
Effectively craft and define OKR for strategic clarity
Develop engaging, SMART, and unique KRs for each department
Gather insights on specific objectives for each department
Craft unique, measurable KRs aligned with these objectives
Facilitate workshops for SMART KR development and engagement
Conduct training sessions on OKR interpretation and implementation for all team leads
Evaluate and refine training impact periodically
Develop comprehensive OKR interpretation and implementation curriculum
Schedule regular training sessions for team leads
Establish a monitoring process to track the progress of all OKRs
Identify and assign team members responsible for monitoring each OKR progress
Determine key metrics to measure progress of all OKRs
Implement a tracking system to consistently record OKR data
10. OKRs to successfully merge two websites with optimized SEO strategy
Successfully merge two websites with optimized SEO strategy
Increase the combined organic search traffic by 30%
Build strong, relevant backlinks to increase site authority
Improve SEO strategies to boost rankings on search engines
Generate high-quality, keyword-infused content
Achieve a combined domain authority of over 60
Build high-quality, reputable backlinks from trusted sources
Enhance SEO strategies focusing on quality content and relevant keywords
Regularly monitor and audit website for SEO performance
Lower bounce rate to below 50% on merged website
Incorporate engaging and relevant content regularly
Enhance page load speed for better visitor retention
Improve website navigation for a user-friendly experience
11. OKRs to robustly improve the industrial sector's market strategy
Robustly improve the industrial sector's market strategy
Identify and establish strategic partnerships with at least 3 relevant companies
Research companies that align with our strategic goals
Formalize partnerships through agreements or contracts
Initiate contact and discuss partnership opportunities
Successfully implement 2 market strategies improving sector growth by 15%
Identify and analyze two potential market growth strategies
Develop clear implementation plans for chosen strategies
Track and measure the implemented strategies' growth regularly
Increase the industrial sector's market share by 10%
Develop and implement robust industrial marketing strategies
Conduct a comprehensive market analysis and competitor research
Improve existing product offerings and assess potential innovations
Strategy Development Team 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 Insights Dashboard](https://tability-templates-v2.vercel.app/_next/static/media/tability-insights-board.e70f9466.png)
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.
![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 Strategy Development Team 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.
![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 Strategy Development Team OKR templates
We have more templates to help you draft your team goals and OKRs.
OKRs to achieve targeted design goals next quarter
OKRs to enhance data quality and KPI report precision
OKRs to boost customer loyalty and revenue through increased site traffic
OKRs to strengthen and Revitalize Marketing Department Functionality
OKRs to increase online community subscriptions for startups
OKRs to enhance network security measures
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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