business objectives examples essay

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business objectives examples essay

Business Goals 101: How to Set, Track, and Achieve Your Organization’s Goals with Examples

By Kate Eby | November 7, 2022

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Learning how to set concrete, achievable business goals is critical to your organization’s success. We’ve consulted seasoned experts on how to successfully set and achieve short- and long-term business goals, with examples to help you get started.

Included on this page, you’ll find a list of the different types of business goals , the benefits and challenges of business goal-setting, and examples of short-term and long-term business goals. Plus, find expert tips and compare and contrast business goal-setting frameworks.

What Are Business Goals?

Business goals are the outcomes an organization aims to achieve. They can be broad and long term or specific and short term. Business leaders set goals in order to motivate teams, measure progress, and improve performance.

David Bitton

“Business goals are those that represent a company's overarching mission,” says David Bitton, Co-founder and CMO of DoorLoop . “These goals typically cover the entire business and are vast in scope. They are established so that employees may work toward a common goal. In essence, business goals specify the ‘what’ of a company's purpose and provide teams with a general course to pursue.”

For more resources and information on setting goals, try one of these free goal tracking and setting templates .

Business Goals vs. Business Objectives

Many professionals use the terms business goal and business objective interchangeably. Generally, a business goal is a broad, long-term outcome an organization works toward, while a business objective is a specific and measurable task, project, or initiative. 

Think of business objectives as the steps an organization takes toward their broader, long-term goals. In some cases, a business objective might simply be a short-term goal. In most cases, business goals refer to outcomes, while business objectives refer to actionable tasks. 

“Business objectives are clear and precise,” says Bitton. “When businesses set out to achieve their business goals, they do so by establishing quantifiable, simply defined, and trackable objectives. Business objectives lay out the ‘how’ in clear, doable steps that lead to the desired result.”

For more information and resources, see this article on the key differences between goals and objectives.

Common Frameworks for Writing Business Goals

Goal-setting frameworks can help you get the most out of your business goals. Common frameworks include SMART, OKR, MBO, BHAG, and KRA. Learning about these goal-setting tools can help you choose the right one for your company.

Here are the common frameworks for writing business goals with examples:

  • SMART: SMART goals are specific, measurable, achievable, relevant, and time-bound. This is probably the most popular method for setting goals. Ensuring that your goals meet SMART goal criteria is a tried and true way to increase your chances of success and make progress on even your most ambitious goals. Example SMART Goal: We will increase the revenue from our online store by 5 percent in three months by increasing our sign-up discount from 25 to 30 percent.
  • OKR: Another popular approach is to set OKRs, or objectives and key results. In order to use OKRs , a team or individual selects an objective they would like to work toward. Then they select key results , or standardized measurements of success or progress. Example Objective: We aim to increase the sales revenue of our online store. Example Key Result: Make $200,000 in sales revenue from the online store in June. 
  • MBO: MBO, or management by objectives , is a collaborative goal-setting framework and management technique. When using MBO, managers work with employees to create specific, agreed-upon objectives and develop a plan to achieve them. This framework is excellent for ensuring that everyone is aligned on their goals. Example MBO: This quarter, we aim to decrease patient waiting times by 30 percent.
  • BHAG: A BHAG, or a big hairy audacious goal , is an ambitious, possibly unattainable goal. While the idea of setting a BHAG might run contrary to a lot of advice about goal-setting, a BHAG can energize the team by giving everyone a shared purpose. These are best for long-term, visionary business goals. Example BHAG: We want to be the leading digital music service provider globally by 2030. 
  • KRA: KRAs, or key result areas , refer to a short list of goals that an individual, department, or organization can work toward. KRAs function like a rubric for general progress and to help ensure that the team’s efforts have an optimal impact on the overall health of the business. Example KRA: Increase high-quality sales leads per sales representative. 

Use the table below to compare the pros and cons of each goal-setting framework to help you decide which framework will be most useful for your business goals.

Types of Business Goals

A business goal is any goal that helps move an organization toward a desired result. There are many types of business goals, including process goals, development goals, innovation goals, and profitability goals.

Here are some common types of business goals:

  • Growth: A growth goal is a goal relating to the size and scope of the company. A growth goal might involve increasing the number of employees, adding new verticals, opening new stores or offices, or generally expanding the impact or market share of a company. 
  • Process: A process goal , also called a day-to-day goal or an efficiency goal , is a goal to improve the everyday effectiveness of a team or company. A process goal might involve establishing or improving workflows or routines, delegating responsibilities, or improving team skills. 
  • Problem-Solving: Problem-solving goals address a specific challenge. Problem-solving goals might involve removing an inefficiency, changing policies to accommodate a new law or regulation, or reorienting after an unsuccessful project or initiative.
  • Development: A development goal , also called an educational goal , is a goal to develop new skills or expertise, either for your team or for yourself. For example, development goals might include developing a new training module, learning a new coding language, or taking a continuing education class in your field. 
  • Innovation: An innovation goal is a goal to create new or more reliable products or services. Innovation goals might involve developing a new mobile app, redesigning an existing product, or restructuring to a new business model. 
  • Profitability: A profitability goal , also called a financial goal , is any goal to improve the financial prospects of a company. Profitability goals might involve increasing revenue, decreasing debt, or growing the company’s shareholder value. 
  • Sustainability: A s ustainability goal is a goal to either decrease your company’s negative impact on the environment or actively improve the environment through specific initiatives. For example, a sustainability goal might be to decrease a company’s carbon footprint, reduce energy use, or divest from environmentally irresponsible organizations and reinvest in sustainable ones.
  • Marketing: A marketing goal , also called a brand goal , is a goal to increase a company’s influence and brand awareness in the market. A marketing goal might be to boost engagement across social media platforms or generate more higher-quality leads. 
  • Customer Relations: A customer relations goal is a goal to improve customer satisfaction with and trust in your product or services. A customer relations goal might be to decrease customer service wait times, improve customers’ self-reported satisfaction with your products or services, or increase customer loyalty.
  • Company Culture: A company culture goal , also called a social goal , is a goal to improve the work environment of your company. A company culture goal might be to improve employee benefits; improve diversity, equity, and inclusion (DEI) across your organization; or create a greater sense of work-life balance among employees. 

What Are Business Goal Examples?

Business goal examples are real or hypothetical business goal statements. A business goal example can use any goal-setting framework, such as SMART, OKR, or KRA. Teams and individuals use these examples to guide them in the goal-setting process. 

For a comprehensive list of examples by industry and type, check out this collection of business goal examples .

What Are Short-Term Business Goals?

Short-term business goals are measurable objectives that can be completed within hours, days, weeks, or months. Many short-term business goals are smaller objectives that help a company make progress on a longer-term goal.

The first step in setting a short-term business goal is to clarify your long-term goals. 

Morgan Roth

“My practice is to start with an aspirational vision that is the framework for my long-term goals and to compare that ‘better tomorrow’ with the realities of today,” says Morgan Roth, Chief Communication Strategy Officer at EveryLife Foundation for Rare Diseases . “Once that framework of three to five major goals is drafted and I have buy-in, I can think about how we get there. Those will be my short-term goals.”

Bitton recommends using the SMART framework for setting short-term business goals to ensure that your team has structure and that their goals are achievable. “Determine which objectives can be attained in a reasonable amount of time,” she adds. “This will help you stay motivated. Your organization may suffer if you try to squeeze years-long ambitions into a month-long project.”

Short-Term Business Goal Examples

Companies can use short-term business goals to increase profits, implement new policies or initiatives, or improve company culture. We’ve gathered some examples of short-term business goals to help you brainstorm your own goal ideas. 

Here are three sample short-term business goals:

  • Increase Your Market Share: When companies increase their market share, they increase the percentage of their target audience who chooses their product or service over competitors. This is a good short-term goal for companies that have long-term expansion goals. For example, a local retail business might want to draw new customers from the local community. The business sets a goal of increasing the average number of customers who enter its store from 500 per week to 600 per week within three months. It can meet this goal by launching a local advertising initiative, reducing prices, or expanding its presence on local social media groups. Small business owners can check out this comprehensive guide to learn more about setting productive goals for their small businesses.
  • Reduce Paper Waste: All businesses produce waste, but company leaders can take actions to reduce or combat excessive waste. Reducing your company’s paper waste is a good short-term goal for companies that have long-term sustainability goals. For example, a large company’s corporate headquarters is currently producing an average of four pounds of paper waste per employee per day. They set a goal of decreasing this number to two pounds by the end of the current quarter. They can meet this goal by incentivizing or requiring electronic reporting and forms whenever possible. 
  • Increase Social Media Engagement: High social media engagement is essential for businesses that want to increase brand awareness or attract new customers. This is a good short-term goal for companies with long-term marketing or brand goals. For example, after reviewing a recent study, a natural cosmetics company learns that its target audience is 30 percent more likely to purchase products recommended to them by TikTok influencers, but the company’s social media team only posts sporadically on its TikTok. The company sets a goal of producing and posting two makeup tutorials on TikTok each week for the next three months.

What Are Long-Term Business Goals?

A l ong-term business goal is an ambitious desired outcome for your company that is broad in scope. Long-term business goals might be harder to measure or achieve. They provide a shared direction and motivation for team members. 

“Long-term planning is increasingly difficult in our very complex and interconnected world,” says Roth. “Economically, politically, and culturally, we’re seeing sea changes in the way we live and work. Accordingly, it’s important to be thoughtful about long-term goal-setting, but not to the point where concerns stifle creativity and your ‘Big Ideas.’ A helpful strategy I employ is to avoid assumptions. Long-term planning should be based on what you know, not on what you assume will be true in some future state.”

Tip: You can turn most short-term goals into long-term goals by increasing their scope. For example, to turn the “increase market share” goal described above into a long-term goal, you might increase the target weekly customers from 600 to 2,000. This will likely take longer than a few months and might require expanding the store or opening new locations.

Long-Term Business Goal Examples

An organization can use long-term business goals to unify their vision, motivate workers, and prioritize short-term goals. We’ve gathered some examples of long-term business goals to guide you in setting goals for your business. 

Here are three sample long-term business goals:

  • Increase Total Sales: A common growth profitability goal is to increase sales. An up-and-coming software company might set a long-term goal of increasing their product sales by 75 percent over two years. 
  • Increase Employee Retention: Companies with high employee retention enjoy many benefits, such as decreased hiring costs, better brand reputation, and a highly skilled workforce. A large corporation with an employee retention rate of 80 percent might set a long-term goal of increasing that retention rate to 90 percent within five years. 
  • Develop a New Technology: Most companies in the IT sphere rely on innovation goals to stay competitive. A company might set a long-term goal of creating an entirely new AI technology within 10 years.

Challenges of Setting Business Goals 

Although setting business goals has few downsides, teams can run into problems. For example, setting business goals that are too ambitious, inflexible, or not in line with the company vision can end up being counterproductive. 

Here are some common challenges teams face when setting business goals: 

  • Having a Narrow Focus: One of the greatest benefits of setting business goals is how doing so can focus your team. That said, this can also be a drawback, as such focus on a single goal can narrow the team’s perspective and make people less able to adapt to change or recognize and seize unexpected opportunities. 
  • Being Overly Ambitious: It’s important to be ambitious, but some goals are simply too lofty. If a goal is impossible to hit, it can be demoralizing. 
  • Not Being Ambitious Enough: The opposite problem is when companies are too modest with their goal-setting. Goals should be realistic but challenging. Teams that prioritize the former while ignoring the latter will have problems with motivation and momentum.
  • Facing Unexpected Obstacles: If something happens that suddenly derails progress toward a goal, it can be a huge blow to a company. Learn about project risk management to better manage uncertainty in your projects. 
  • Having Unclear Objectives: Goals that are vague or unquantifiable will not be as effective as clear, measurable goals. Use frameworks such as SMART goals or OKRs to make sure your goals are clear. 
  • Losing Motivation: Teams can lose sight of their goals over time, especially with long-term goals. Be sure to review and assess progress toward goals regularly to keep your long-term vision front of mind.

Why You Need Business Goals

Every business needs to set clear goals in order to succeed. Business goals provide direction, encourage focus, improve morale, and spur growth. We’ve gathered some common benefits of goal-setting for your business. 

Here are some benefits you can expect from setting business goals:

  • More Clarity: Business goals ensure that everyone is moving toward a determined end point. Companies with clear business goals have teams that agree on what is important and what everyone should be working toward. 
  • Increased Focus: Business goals encourage focus, which improves performance and increases productivity. 
  • Faster Growth: Business goals help companies expand and thrive. “Setting goals and objectives for your business will help you grow it more quickly,” says Bitton. “Your potential for growth increases as you consistently accomplish your goals and objectives.”
  • Improved Morale: Everyone is happier when they are working toward a tangible goal. Companies with clear business goals have employees that are more motivated and fulfilled at work. Plus, measuring progress toward specific goals makes it easier to notice and acknowledge everyone’s successes. 
  • More Accountability: Having tangible goals means that everyone can see whether or not their work is effective at making progress toward those goals.
  • Better Decision-Making: Business goals help teams prioritize tasks and make tough decisions. “You gain perspective on your entire business, which makes it easier for you to make smart decisions,” says Bitton. “You are forming a clear vision for the direction you want your business to go, which facilitates the efficient distribution of resources, the development of strategies, and the prioritization of tasks.”

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When teams have clarity into the work getting done, there’s no telling how much more they can accomplish in the same amount of time.  Try Smartsheet for free, today.

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  • 22 types of business objectives to meas ...

22 types of business objectives to measure success

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Clear business objectives help you achieve your mission statement and long-term company vision. These objectives can range from financial objectives to organization specific objectives. Take a look at 22 types of business objectives you can set—plus, learn when to use business objectives vs. 14 other goal frameworks. 

Whether you work at a small business, a start up, or as a team lead at a larger enterprise, as a key business owner, you’re responsible for identifying the business objectives that will help your organization hit its long-term goals. Setting goals and strategic objectives is the best way to know where you’re going and how to get there. 

In this article, learn about 22 different types of business objectives and how to make them achievable. Then, take a look at the 15 different types of goals you can set, depending on why you’re setting those goals.

Connecting goals to work effectively

Learn how to align your team's work with organizational goals. Discover strategies to ensure that every task contributes to reaching your objectives quickly and efficiently.

What is a business objective? 

Business objectives are the results you are aiming to achieve in order to accomplish your longer-term company vision. Think of business objectives as metrics to measure your overall business success.

Hitting your business objectives means you’re on the path towards achieving larger company goals. As such, business objectives should focus on large-scale organizational impact. Good business objectives are measurable, specific, and time-bound. 

22 types of business objectives

Set business objectives based on factors that measure and impact your organization’s success. For example, you might set the following business objectives:

Financial business objectives

1. Profitability: A profitability-focused business objective is important if your company is relying on outside investors. Achieving—and maintaining—profitability ensures your long-term success so you can make progress towards your overall company mission. 

2. Revenue: Revenue-focused business objectives help you balance your income with your costs in order to stay in business. You might set business objectives to achieve a certain annual revenue goal, or to increase revenue by a certain percentage over a period of time. 

3. Costs: Costs refer to how much money you’re spending on your business. Reducing costs can help you increase revenue and achieve profitability. Business objectives related to cost can help you control production or operations cost to improve your business’s financial performance. 

4. Cash flow: Cash flow refers to the money moving into and out of your business. Cash flow can be positive—when you’re making more than you’re spending—or negative—when you’re spending more than you’re making. Similar to profitability, a cash flow-oriented business objective can help set you up for long term financial success. 

5. Sustainable growth: In order to grow as a business, you need to grow sustainably. Setting business objectives around sustainable growth can help you plan your financial projections, employee costs, and other financial considerations. 

Customer-centric business objectives

6. Competitive positioning: A big element of your business strategy is thinking about how your product or service compares to others in the same market. By setting a business objective focused on competitive positioning, you can ensure your product or service reaches parity with what’s expected in the market, or use competitive positioning to outdo your competitors in a key area. 

8. Customer satisfaction: In order to succeed as a business, you need happy customers. Focusing on a customer satisfaction-based business objective can help you better serve your customers. Depending on the business objective, this might focus on a customer advocacy program, a better help desk, or something similarly customer-facing. 

9. Brand awareness: Your brand is what makes your organization stand out from the crowd. Brand awareness is an important way to understand how your customers think of your brand, and how aware they are of your distinct brand vs. your competitors. Understanding—and increasing—brand awareness is a key part of your long-term marketing strategy .

10. Sales: You’ll often find business objectives related to improving or refining the sales cycle. This could include anything from reducing customer acquisition cost (CAC), developing better lead tracking, increasing cross-selling, or something else.

11. Churn: In business, your churn rate refers to how many customers you lose over a set period of time. Reducing churn is a great way to increase your revenue and ensure your customers are satisfied with the product or service you provide. 

Internal business objectives

12. Employee satisfaction and engagement: Part of your business is how your employees feel about working there, too. Increasing employee satisfaction and engagement leads to happier employees, reduced burnout , and more effective teams. 

13. Employee retention: A key internal business objective is how long your employees spend at your company. Increasing tenure and reducing turnover can help you achieve more complex projects with knowledgeable employees. 

14. Company growth: In order to grow your business, you also need to grow the number of people you employ. Growing your company sustainably can be difficult—which is why businesses often set company growth as a key business objective. 

15. Organizational culture: Organizational culture is the ideals, values, and group norms that shape how team members interact within your company. Good culture drives employee engagement and increases retention, which is one of the key reasons so many companies set organizational culture-focused business objectives. 

16. Change management: Smoothly implement large-scale organizational change with change management . Though you typically won’t see organizations set this type of business objective year after year, it can be a helpful objective to set if you have large changes on the horizon. 

17. Productivity: At Asana, we don’t think of productivity as “doing the most you can,” but rather as a way to optimize your time and get your best work done. Increasing employee productivity can help your teams achieve their high-impact work more efficiently. 

18. Employee effectiveness: Teams don’t just need to be efficient—they also need to know the right things to work on. The best companies aim for efficiency and effectiveness—which is where an effectiveness-based business objective comes into play. To learn more, read our article about the difference between efficiency and effectiveness . 

19. Diversity and inclusion: A big part of a welcoming company culture is making sure your employees feel like they belong. Investing in diversity and inclusion programs can help your business be more welcoming to your current and potential employees. 

Regulation related business objectives

20. Quality control: Implementing quality control measures as a business objective can help you ensure your product or services are at the level you want them to be. This in turn leads to better customer relationships and overall increase in revenue. 

21. Compliance: If your business has any compliance needs to meet in the near future, setting those compliance requirements as a business objective will ensure you hit your targets on time. 

22. Sustainability or waste reduction: Some businesses set business objectives to reduce waste or increase sustainability. While this may not directly impact your business, proving that you’re environmentally minded can help you reach specific audiences you’re targeting. 

Which goal framework is right for you?

Figuring out exactly what type of goal you need to set can be tricky. Each goal framework is slightly different—and implementing the right one can help you achieve success. 

The type of goal you set will depend on the business activities you’re running and the specific goals you have. If your goals have a set time frame, you may want to go with short-term objectives, whereas larger goals have their own unique frameworks. 

If you’re not sure where to start, check out these 15 goal frameworks for different situations: 

1. Business objectives: Set goals based on operating factors that impact your company’s long-term success.

2. Business plan : Also called a business strategy plan. Document your business’ goals and plan out how you’ll get there.

3. Vision statement : Set an organization-wide North Star.

4. Big Hairy Audacious Goals (BHAGs) : Set organization-sized stretch goals .

5. Company values : Align your team around core principles. 

6. Strategic plan : Clarify your three to five year company goals during the strategic planning process. 

7. Strategic goal : Set the goals you want to achieve by the end of your strategic plan.

8. Critical success factors : Clarify the high-level goals you need to achieve in order to achieve your strategic goals. 

9. Strategic management : Execute against your strategic plan in order to achieve your company goals. 

10. Business goals : Set predetermined targets to achieve in a set period of time.  

11. Objectives and key results (OKRs) : Set and communicate annual company goals.

12. Key performance indicators (KPIs) : Set quantitative goals.

13. Project objectives : Share what you want to achieve by the end of a project.

14. Project deliverables : Identify a project’s output.

15. Project milestones : Mark specific checkpoints along a project’s timeline.

More goal setting resources

Clear goals are critical to keep your organization functioning. In addition to business objectives, check out our goal setting resource hub for tips on setting goals and achieving high-impact results. Then when you’re ready, get started with Asana for goal tracking. With Asana , you can connect your company goals to the work that supports them—all in one place. 

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October 8, 2024

What are business objectives? Definition and examples

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Brianna Harrison

Copy and content writer

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Passing a driving test, earning a black belt in jiu-jitsu, knitting a frilly frock – these goals might seem unrelated, but they share one common trait: they’re all aspirational. Objectives come in various shapes and sizes, and you might be more adept at goal-setting than you think. However, a bit of clarity can go a long way. In this article, we’ll break down what business objectives are, highlight their key benefits, and offer examples across different departments.

Let's dive in…

What is an objective?

Terms like objectives, goals, and strategies often get used interchangeably, but they have distinct meanings. 

An objective answers the question: What do you want to achieve? Objectives are context-dependent, whether it's landing a pop shove-it on your skateboard or improving your business profits. For now, let's focus on defining business objectives and assume you're not Tony Hawk.

What is a business objective?

Business objectives are qualitative statements outlining the desired direction for your business, guided by the overarching strategy. While increasing profits is a common for-profit objective, other goals like boosting market share, increasing sales, and expanding the customer base are also prevalent.

Businesses create objectives to:

  • Establish a direction.
  • Evaluate performance.
  • Guide projects and decision-making.
  • Encourage collaboration and motivate teams.

There are several methods for developing and achieving effective business objectives, with Objectives and Key Results (OKRs) being a popular choice. These measurable statements help to track progress and adapt strategies accordingly.

However, business objectives aren't limited to vague long-term ambitions. Successful organisations develop both short-term and long-term objectives that support each other. This is where project objectives come into play – they serve as performance indicators for short-term projects, aligning them with long-term goals.

What are strategic objectives?

Strategic objectives are the actionable steps that implement a business’s broader goals. Think of your objective as the destination and your strategy as the road map to get there. In simpler terms, your strategic plan outlines the milestones and actions needed to achieve your overarching business objectives.

For example, if a company's broad objective is to improve sales, a strategic objective might be to grow sales by 10% by the end of the quarter through enhanced training and offering incentives for hitting targets. To meet these objectives within a certain timeframe, specific tasks should be assigned. In this example, a manager might schedule training sessions for specific employees with set deadlines for completion.

What is the difference between strategic and business objectives?

While they may sound similar, strategic and business objectives are complementary in propelling a company forward. Here’s the key distinction:

Business objective: This defines what you want to achieve on a broad scale.

Strategic objective: This specifies what you want to achieve and details the steps to get there.

Together, these objectives guide an organisation towards fulfilling its mission.

How to set measurable objectives

We’ve covered what objectives are and why they matter—now let's look at how to set them effectively. At Tability, we rely on a proven method known as OKRs, which stands for Objectives and Key Results . This approach helps teams set measurable goals and track their progress.

How to turn requirements into business objectives

If you already have some ideas for your business goals, you can use Tability to turn them into measurable objectives.

  • Go to Tability’s plan editor
  • Open up the goal generator AI
  • Describe your objective

business objectives examples essay

The AI response will include both an example that you can use, as well as some suggestions to refine your goals. From there you can iterate further or use this template to start tracking progress on your new objectives.

business objectives examples essay

How to refine existing objectives

You may already have business or strategic objectives that you would like to improve. If this is your case, you can use Tability’s AI feedback to get direct suggestions to make sure that your objectives are clear and measurable.

  • Add your existing goals (you can import them from a spreadsheet)
  • Click on Generate analysis

business objectives examples essay

Tability’s AI will scan your goals and offer improvement suggestions if it finds anything that can be improved. You can then implement these suggestions in 1-click or dismiss them if you do not wish to use them.

How to write OKRs from scratch

business objectives examples essay

You can write OKRs directly if you're feeling comfortable with the frameworks. There are 3 main components that you'll need to understand (I'm adding initiatives here, as it will help with the definitions).

  • ‍ O — Objectives: This is an inspirational statement, outlining the broad outcome you want to achieve by the end of the quarter. ‍
  • KRs — Key Results: These are specific, measurable ways that will help you track success throughout the quarter.
  • Initiatives: These are the specific actions that you will take to make progress on the key results and your objective.

Taking the initiatives in account is often useful to avoid mistaking KRs for strategic projects.

OKRs are written in three easy steps:

1. Identify Objectives

Define your business objectives by describing the broad outcomes you want to achieve. Keep them general and avoid including numerical values or overly specific details.

2. Define Key Results

Set SMART (Specific, Measurable, Achievable, Relevant, Time-bound) key results to gauge success. Use this simple formula to get started:

Increase/decrease [metric] from X to Y

3. Add initiatives

Develop a strategy for achieving your key results by planning actionable steps. Assign these initiatives to team members, ensuring everyone knows their role in reaching the objectives.

5 examples of objective-setting by department

Feeling unsure about OKRs? Visualising them in action might help. Here are five examples of objectives for marketing, customer success, design, sales, and HR teams.

Marketing objectives examples

Objective: Enhance online presence

KR1: Increase Facebook followers from 10,000 to 15,000

Initiative: Run a competition backed by paid ads.

KR2: Boost homepage visits from 5,000 to 8,000 daily

Initiative: Conduct a UX A/B test on homepage design.

KR3: Consistently achieve 100 views per article daily

Initiative: Embed more keywords in articles and seek backlink opportunities from organisations.

Customer success objectives examples

Objective: Elevate customer satisfaction

KR1: Raise NPS from +32 to +45

Initiative: Implement feedback from the last NPS survey.

KR2: Increase repeat customer rate by 15%

Initiative: Offer a 20% discount to returning customers via email and create a customer loyalty program.

KR3: Boost referral rate from 30% to 50%

Initiative: Launch a referral program.

Design objectives examples

Objective: Enhance checkout page UX

KR1: Reduce checkout steps from 5 to 3

Initiative: Eliminate unnecessary information from the checkout process.

KR2: Speed up payment processing on the app by 30%

Initiative: Enable a guest checkout option.

KR3: Decrease cart abandonment from 20% to 5%

Initiative: Improve clarity on shipping costs.

Sales objectives examples

Objective: Increase sales revenue

KR1: Generate 20% of new business through upsell/cross-sell

Initiative: Train sales staff in upselling and cross-selling techniques.

KR2: Increase homepage conversion rate from 15% to 20%

Initiative: Add a pop-up to the site and include testimonials on the homepage.

KR3: Achieve quarterly revenue of $300,000

Initiative: Increase prices by 5% and run a 15%-off sale.

HR, People & Culture objectives

Objective: Improve employee retention

KR1: Reduce quarterly turnover from 20% to 10%

Initiative: Increase salaries by 2% for high performers.

KR2: Raise employee engagement score from 60% to 80%

Initiative: Organise social events during work hours and provide free lunch once a week.

KR3: Lower the number of weekly complaints from 3 to 1

Initiative: Give feedback to managers regarding multiple complaints.

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business objectives examples essay

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  1. 18+ Business Objectives

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  2. 13 Absolute Best Business Objectives To Consider

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  3. 18+ Business Objectives

    business objectives examples essay

  4. What is an objective? Definition and meaning

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  5. SMART objectives Free Essay Example

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  6. 56 Strategic Objective Examples For Your Company To Copy

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COMMENTS

  1. 60 Examples of Business Objectives | Smartsheet

    Learn how to set and achieve business objectives, expert advice, and download templates and 60 different examples of objectives.

  2. Business objectives: 5 examples [+ template] | Zapier

    Business objectives are specific, written steps that guide company growth in measurable terms. A good business objective is concise, actionable, and assigned definite metrics for tracking progress and measuring success.

  3. How To Write Business Objectives (With Examples) - Indeed

    Writing quality business objectives can help drive growth in your organization. Review the definition and importance of business objectives, and see examples.

  4. 29 Vital Business Objectives That Can Help You Measure ... - Runn

    The purpose of business objectives is to align a company’s business processes with its strategic vision. Well-defined business objectives help bring many benefits, in particular the following: They facilitate performance evaluation, providing management with specific success criteria.

  5. Examples of Business Goals - Smartsheet

    Business goal examples are real or hypothetical business goal statements. A business goal example can use any goal-setting framework, such as SMART, OKR, or KRA. Teams and individuals use these examples to guide them in the goal-setting process.

  6. 13 Best Business Objectives To Consider (Plus Tips)

    1. Increase your product or service's market share. Improving the number of products or services you sell to customers involves increasing overall market share.

  7. The best business objective examples (from a CEO) - CharlieHR

    They inspire your teams, get them working towards a common purpose, and turn challenges into potential opportunities for success. Setting the right business objectives will guide you towards making the most out of your limited resources so your business can grow.

  8. 22 types of business objectives to measure success - Asana

    For example, you might set the following business objectives: Financial business objectives. 1. Profitability: A profitability-focused business objective is important if your company is relying on outside investors. Achieving—and maintaining—profitability ensures your long-term success so you can make progress towards your overall company mission.

  9. What are business objectives? Definition and examples - Tability

    Businesses create objectives to: Establish a direction. Evaluate performance. Guide projects and decision-making. Encourage collaboration and motivate teams. There are several methods for developing and achieving effective business objectives, with Objectives and Key Results (OKRs) being a popular choice.

  10. 15 business objectives examples (plus types of objectives)

    Career development. 15 business objectives examples (plus types of objectives) Written by. Indeed Editorial Team. Updated 6 September 2023. Business leaders set useful objectives to help the organisation they work for to develop and grow.