7 simple rules for company-wide OKRs

We’re getting ready to set our Q3 company OKRs. This morning we discussed 7 rules we’re following that describes our current OKR process.

Reminder: for something to be a company OKR

1. Describable and scopeable (is it ‘baked’?)

2. Sized based on internal or external data. Impact $ can be annualized or for Q3

3. Threshold should be material contribution (e.g. 5% revenue uplift)

4. Work should require cross functional support from scarce resources: tech, data, & senior leadership time

5. Co-leads should be appointed, with at least one from the global leaders team

6. Commitment is a scoping doc & timeline, weekly meeting and weekly reporting

7. Requirements for a functional OKR are much more relaxed, although these can also be lightly cross functional. Rigor around opportunity sizing and scoping is important.