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    SM - Assurance of Learning Exercises 2 - PDF

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    Via Divina Celina Parpan
    The document provides instructions for an exercise to familiarize students with strategy terms by having them find the objectives and key results (OKRs) of a publicly held company, including listing at least 3 objectives and 3-4 key results for different levels of the company and describing them, and also gives 7 tips for defining objectives in terms of key results such as keeping them simple, specific, measurable, and breaking key results into smaller goals.

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    SM - Assurance of Learning Exercises 2 - PDF

    Uploaded by

    Via Divina Celina Parpan
    15 views2 pages
    The document provides instructions for an exercise to familiarize students with strategy terms by having them find the objectives and key results (OKRs) of a publicly held company, including listing at least 3 objectives and 3-4 key results for different levels of the company and describing them, and also gives 7 tips for defining objectives in terms of key results such as keeping them simple, specific, measurable, and breaking key results into smaller goals.

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    SM_ASSURANCE OF LEARNING EXERCISES 2_PDF

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    The document provides instructions for an exercise to familiarize students with strategy terms by having them find the objectives and key results (OKRs) of a publicly held company, including listing at least 3 objectives and 3-4 key results for different levels of the company and describing them, and also gives 7 tips for defining objectives in terms of key results such as keeping them simple, specific, measurable, and breaking key results into smaller goals.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    15 views2 pages

    SM - Assurance of Learning Exercises 2 - PDF

    Uploaded by

    Via Divina Celina Parpan
    The document provides instructions for an exercise to familiarize students with strategy terms by having them find the objectives and key results (OKRs) of a publicly held company, including listing at least 3 objectives and 3-4 key results for different levels of the company and describing them, and also gives 7 tips for defining objectives in terms of key results such as keeping them simple, specific, measurable, and breaking key results into smaller goals.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    ASSURANCE OF LEARNING EXERCISES 2

    Exercise 2A – Find out Objectives and Key Results of any publicly held firm
    Purpose
    The purpose of this exercise is to get you familiar with strategy terms introduced and defined in
    Chapter 2. Let’s apply these terms to the Case Study on any global company of your choice.

    Instructions
    1) Go to the company´s corporate website and try to get familiar with products/services or
    strategy. The process starts with setting the organization’s objectives. Many people struggle
    with the task of defining the objectives. Often, they know what the end results should be, but
    get overwhelmed setting an action plan on how to get there.

    2) To implementing OKR´s you need to list at least 3 objectives you want to strive on for each
    level. For each objective, list 3-4 key results to be achieved. Briefly describe them.

    3) Here are 7 tips on how to define objectives in terms of key results.

    1. Keep it simple
    Focus on objectives that you know the company can achieve in the given time frame. Prioritize
    the objectives according to what the business needs the most. There is no magic number for
    how many objectives you should have as it depends on many factors such as the complexity
    of the objectives, the time and resources available, and unexpected changes in the business.

    2. Be specific
    When you are setting up the objectives, brainstorm the different ways you can reach the end
    results. Draw your action plan out so that you are more specific on how to achieve your
    objective. For each of the key results, think about how the managers are going to evaluate the
    performance. The more specific you are, the clearer the expectations will be. You want to have
    concise objectives so that you know exactly what you need to do and how to complete the
    goals.

    3. Cascade your objectives


    Organization objectives may be overwhelming for some people. By cascading the objectives
    from the organization level to department level and then finally to an individual level,
    employees usually have a clearer line of sight of the objectives they can set to contribute to
    the company’s success.

    4. Make it measurable
    Your key results need to have a unit of measurement. Being able to measure the key results
    will tell the managers when they have reached stated goals. This step is harder for goals that
    are not quantifiable. In these cases, ask yourself “how will I know when it have achieved its
    objective?” Measurements for unquantified objectives are subjective.
    5. Do not worry about stretch goals
    You should have goals that are attainable and challenging at the same time. Many managers
    will set stretch goals for their teams as a way to motivate them. However, stretch goals need
    to be set very carefully. It becomes frustrating for employees when they keep missing the
    objectives because they are stretch goals. Make sure that your goals are challenging enough
    but more important, they should be realistic.

    6. Break your key results in small goals


    Create mini goals within your key results. Knowing what you have to do to achieve the key
    results makes your objectives more specific. Mini goals can be action items you need to do.
    For example, your objective is to increase the sales revenues by 10 % for this quarter and one
    of your key results is to get 5 new clients.

    7. Celebrate and recognize


    Write down examples of rewards for top managers and others when a milestone has been
    reached. Would you use social platforms to share the achievements with the co-workers?
    What other ways of spreading the success would you use?

    4) Setting OKRs is beneficial for each employee. It fosters discipline and determination to achieve
    the objectives. It also gives a clear guideline of what managers need to focus their effort on
    for that time frame.

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