Chapter 2 • 12 min read

How to Set Effective OKRs

A step-by-step framework for writing objectives that inspire and key results that drive real progress—with templates you can use today.

Setting OKRs seems simple: write an objective, add some key results, done. But teams consistently struggle to write OKRs that actually drive behavior. This chapter gives you a proven framework for setting OKRs that your team will rally behind.

The 4-Step OKR Setting Framework

Before diving into writing, follow this framework to ensure your OKRs are grounded in strategy:

1

Review Your Strategy

What's your company/team mission? What are the big bets for this year? OKRs should support these, not operate in a vacuum.

2

Identify What Needs to Change

Look at last quarter's results, customer feedback, and market conditions. What's working? What's not? What's the biggest opportunity?

3

Draft Objectives (What)

Write 2-4 qualitative objectives that capture what success looks like. These should be inspiring and ambitious.

4

Define Key Results (How)

For each objective, add 2-4 measurable key results that prove you achieved the objective. These must be quantifiable.

Writing Objectives That Inspire

Your objective should make people want to get out of bed in the morning. It's the "why" behind the work. Here's how to write them:

The Objective Formula

Objective Template

[Action verb] + [What you're achieving] + [For whom/why it matters]

Examples: "Become the most trusted..." / "Deliver a world-class..." / "Build a..."

Characteristics of Great Objectives

Qualitative, not quantitative

Numbers belong in key results. Objectives should paint a picture of success.

Ambitious but not impossible

Stretch goals motivate. Impossible goals demoralize.

Clear and concrete

Everyone should understand what you're trying to achieve without explanation.

Time-bound (typically quarterly)

OKRs create urgency. A quarter is long enough to make progress, short enough to stay focused.

Objective Examples by Team

Product Team

"Deliver an onboarding experience that turns new users into power users"
"Build the fastest, most reliable mobile app in our category"

Marketing Team

"Become the go-to thought leader for [industry] best practices"
"Create a demand generation engine that fuels predictable growth"

Sales Team

"Win in the enterprise segment with world-class deals"
"Build a customer success motion that drives expansion revenue"

Engineering Team

"Achieve engineering excellence that enables rapid, reliable shipping"
"Build infrastructure that scales seamlessly with growth"

Writing Key Results That Drive Progress

Key results are where the rubber meets the road. They transform inspirational objectives into measurable outcomes.

The Key Result Formula

Key Result Template

[Verb] + [Metric] + [From X] + [To Y]

Examples: "Increase NPS from 32 to 50" / "Reduce churn from 5% to 3%" / "Grow MRR from $100K to $150K"

The Outcome vs. Output Test

The most common mistake in writing key results is confusing outputs (activities) with outcomes (results). Here's how to tell the difference:

❌ Output (Activity)✅ Outcome (Result)
Launch new feature25% of users adopt new feature within 2 weeks
Publish 10 blog postsReach 10,000 monthly organic visitors
Hire 3 engineersIncrease sprint velocity by 40%
Run 5 customer interviewsIdentify 3 validated problems to solve
Send weekly newsletterAchieve 35% email open rate

The 'So What?' Test

When you write a key result, ask "so what?" If the answer is another result, you've written an output. Keep asking until you reach the real outcome.

"Launch feature" → So what? → "Users adopt it" → So what? → "Engagement increases" ← That's your key result.

Types of Key Results

1. Baseline Key Results

When you don't have data yet, your first key result might be to establish the baseline:

"Establish baseline NPS score by surveying 200+ customers"

2. Improvement Key Results

Most key results show improvement from a current state:

"Increase 30-day retention from 45% to 60%"

3. Threshold Key Results

Sometimes you need to maintain a standard while pushing elsewhere:

"Maintain customer satisfaction score above 4.5/5 while scaling"

Complete OKR Examples

Let's look at fully formed OKRs for different teams. Use these as templates for your own:

Product Team

📌 Objective: Deliver an onboarding experience that turns new users into power users

KR1Increase activation rate (complete 3 core actions) from 35% to 55%
KR2Reduce time-to-value from 72 hours to 24 hours
KR3Achieve onboarding NPS of 50+ (from new users in first week)
Marketing Team

📌 Objective: Become the go-to thought leader for OKR best practices

KR1Grow organic blog traffic from 5,000 to 15,000 monthly visitors
KR2Rank in top 3 for 10 high-intent OKR keywords
KR3Generate 500 marketing qualified leads from content
Customer Success Team

📌 Objective: Create customers who are so successful they become advocates

KR1Reduce churn rate from 5% to 3% monthly
KR2Increase NPS from 35 to 50
KR3Generate 15 customer case studies and testimonials
KR4Achieve 25% of new revenue from customer referrals
Engineering Team

📌 Objective: Build a platform that's fast, reliable, and a joy to develop on

KR1Achieve 99.95% uptime (from current 99.5%)
KR2Reduce average page load time from 2.5s to 1.2s
KR3Increase deployment frequency from weekly to daily
KR4Reduce production incidents from 8/month to 2/month

Common OKR Mistakes to Avoid

Mistake #1: Too Many OKRs

7 objectives with 5 key results each = 35 things to track

If everything is a priority, nothing is. Stick to 2-4 objectives maximum.

Mistake #2: Sandbagging

Setting goals you know you can hit 100%

If you're hitting 100% every quarter, your OKRs aren't ambitious enough. Aim for 70%.

Mistake #3: Confusing OKRs with Tasks

"Launch feature X by March 15"

This is a task, not a key result. Key results measure the impact of your work, not the work itself.

Mistake #4: Setting OKRs in Isolation

Teams creating OKRs without cross-functional input

OKRs should be aligned. Marketing's OKRs should support Sales'. Sales' should support Revenue goals.

Mistake #5: Set and Forget

Creating OKRs in January, reviewing in March

OKRs should drive weekly priorities. If you only look at them quarterly, they're useless.

The OKR Quality Checklist

Before finalizing your OKRs, run them through this checklist:

✓ Objective Checklist

Is it qualitative (no numbers)?
Is it inspiring and motivating?
Can the team actually influence it?
Is it clear what success looks like?
Can you achieve it in one quarter?

✓ Key Result Checklist

Is it quantifiable with a specific number?
Does it measure an outcome (not an activity)?
Is there a clear starting point and target?
Is it ambitious but achievable (70% target)?
Can you measure it without gaming the metric?

The Quarterly OKR Process

Here's a timeline for setting OKRs each quarter:

Week -2

Leadership aligns on company priorities

Review last quarter, identify key strategic themes for next quarter.

Week -1

Teams draft OKRs

Each team creates draft OKRs aligned with company priorities.

Week 0

Cross-functional review

Teams share OKRs, identify dependencies, resolve conflicts.

Week 1

Finalize and communicate

Lock in OKRs, share across organization, begin execution.

What Happens After Setting OKRs?

Congratulations—you've set great OKRs. But here's the uncomfortable truth: setting OKRs is the easy part.

The Execution Gap

70% of OKRs fail, and it's not because of bad goal-setting. It's because there's a gap between quarterly OKRs and daily work. Teams set inspiring goals but can't figure out what to do on Monday morning.

In the next chapter, we'll tackle this head-on: the Translation Gap. You'll learn why OKRs fail at execution and what to do about it.

Then in Chapter 4, we'll show you exactly how to turn your quarterly OKRs into weekly action plans—so your team knows what to work on every single week.

Need help setting OKRs?

Loach's AI guides you through OKR creation with smart questions—like having an OKR consultant in your pocket.

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