Essay
Product 101: How to Define Key Results in OKRs: A Practical Guide
“How would we know if we met our Objective?”
When setting Objectives and Key Results (OKRs), the key results are what keep you on track. But how do you create effective key results?
It starts with a simple question:
👉 “How would we know if we met our Objective?”
This forces you to define success in clear, measurable terms rather than vague phrases like “awesome,” “kill it,” or “pwn.”
How to Set Strong Key Results
A good rule of thumb is to have three key results per objective. They should be based on measurable outcomes, such as:
✅ Growth – User acquisition, retention rates
✅ Engagement – Active users, feature adoption
✅ Revenue – Sales, conversion rates
✅ Performance – Speed, efficiency, quality
✅ Loyalty – Customer satisfaction, repeat usage
Example: A Strong Objective with Key Results
Let’s say your objective is:
🚀 “Launch an awesome MVP.”
Here’s how you could define key results:
✔ 40% of users return twice within a week
✔ Recommendation score of 8+
✔ 15% email newsletter open rate
What If You Don’t Have a Baseline?
If you’re tracking a metric for the first time, make an educated guess. The goal isn’t perfection—it’s learning. By the end of the quarter, you’ll have real data to refine your approach.
Why OKRs Shift Teams from Output to Outcome Thinking
One of the biggest benefits of using OKRs is that they help teams focus on outcomes rather than just outputs. Instead of saying, “We shipped this feature,” OKRs push you to ask, “Did the feature improve engagement, revenue, or retention?”
What Metrics Can You Track for Key Results?
The best metrics depend on your goals, but here are some ideas:
📊 User Engagement: DAUs, MAUs, session time
💰 Revenue: MRR, conversion rate, LTV
📈 Product Performance: Feature adoption, speed improvements
🤝 Customer Satisfaction: NPS, churn rate, support tickets resolved
By defining clear key results, you set yourself up for focused execution and measurable success. 🚀
First published on Substack. Original