OKR stands for “Objectives and Key Results.” It is a simple management framework that helps everyone in the organization see progress toward common goals. OKRs allow you to establish specific and measurable actions and streamline communication and progress tracking.

An OKR template will help you define your strategic objectives and key results. An OKR template like Collato will give your goals structure and clarity, and align the strategy with your team's daily work. Using an OKR template, you can organize your goals in a hierarchy of initiatives that makes progress transparent.

Collato's OKR template makes OKRs engaging for everyone--not just those at the top. Instead of chasing after people to update numbers on a Google Sheet template, your team can gain clarity by monitoring the performance of drivers over time and share progress with screen recordings, embedded files, or text along the way. Colleagues can watch, comment, and react to updates across different teams. This not only makes updates more enjoyable, but also prevents silo mentality from creeping into your company.

When you want to create your OKRs, it is a good idea to use the following formula: We will __(Objective)__ as measured by __(these Key Results)__. When writing objectives, think about why it is important to achieve them, not only for the company but also for each team member. OKRs should feel like an exciting challenge for everyone.

OKR stands for "Objectives and Key Results" and KPI stands for "Key Performance Indicators." OKRs are a goal-setting framework. Meanwhile, KPIs track the performance of goals. Although both are performance management methods, each has a different way of helping you achieve objectives. Moreover, they can go hand in hand, as KPIs can help you track progress toward your objectives.

An example of an OKR could be the following: Objective: Have finances under control. Key result 1: We earn our first profit of 1.500 €. Key result 2: We apply and get approved for a government subsidy. Key result 3: We re-negotiate our shop lease.