General
OKR stands for Objectives and Key Results.
OKRs provide a collaborative goal-setting framework helping
business leaders clarify their strategy and cascade what's
most important throughout the wider business. All employees
know exactly what they should be working on to achieve the
desired business results. OKRs provide an effective way to
measure performance and achievements in line with the
strategic direction and vision of the business. We recommend
having no more than 3 Objectives that focus specifically on
the 'what' you want to achieve. These should be significant,
action-orientated and inspirational to encourage motivation.
The more tightly focused they are, the better.
Key Results are stepping stones or milestones set to help
you achieve each of the Objectives, against which you can
clearly monitor performance to signal whether you are on
target or not. We recommend having no more than 5 Key
Results per Objective to maintain a tight focus and avoid
overwhelm. Key Results should be measurable, specific,
time-bound and whilst they need to be realistic, it's
essential they include a suitable amount of stretch to
really move things forward.
Visit the Reclaro blog to view a range
of informative articles focusing specifically on OKRs.
1-3-5® is a simple principle that helps
businesses sharpen their focus and clarify what's most
important to drive results. This system could be applied to
achieve business results, health and fitness results or any
other life results. The Reclaro software combines the
1-3-5® methodology with the OKR framework
(Objectives and Key Results) to provide a simple yet highly
effective way to cascade key business priorities, align
teams and produce outstanding business results.
The 1-3-5® performance
system consists of
- 1 Clear Vision
- 3 Objectives
- 5 Goals, per objective
Having a 1-3-5® helps improve communication
and ultimately achieve results faster, as objectives cascade
throughout the business and teams become more aligned and
engaged, thus becoming more effective and productive. The
foundation of Reclaro is 1-3-5® which was
created as a highly effective business planning methodology
by our Founder and CEO, Pete Wilkinson, many years
ago. Hundreds of businesses around the world use 1-3-5®
to turbocharge their results.
The 1-3-5® performance system is usually
applied to top-level management initially and then rolled
out amongst wider teams. Most 1-3-5® plans
apply to a period of 12 to 18 months for which you clarify 1
Vision, set 3 Objectives to achieve that Vision, and break
down each objective into 5 Goals.
To find out more, please visit our
1-3-5® Explained page.
Many hugely successful businesses such as Google, Facebook,
Airbnb, Spotify, Intel, LinkedIn, Amazon, Dropbox,
Eventbrite, Microsoft, Netflix, Salesforce, Slack, Twitter,
Uber and Yahoo all launched OKRs in their early days to
accelerate growth. Each of these has grown immensely over
the past decade. However, they all started somewhere and
were much smaller than they are now.
We find that those who benefit the most from using the
1-3-5® planning methodology are businesses
that want to accelerate growth, achieve their desired
results faster and wish to maintain effective communication
as they grow at such a significant pace. Overall, we've
noticed they have the following common characteristics:
- They have a Leadership/Management Team of 15 people or more.
- They have at least 50 people in the business overall.
- They have an annual turnover of approximately £10 million or more.
- They are very ambitious and want to build a profitable business that adds value to their customers and clients.
- They highly value their people and realise that having a more effective team would deliver improved business results.
Feedback has been very positive from those using 1-3-5®
in their business.
- Develop a results-orientated culture of setting goals, taking action and achieving remarkable results.
- Individuals will feel more included in the strategic direction of the business and proactively own their 1-3-5® plans, improving performance and overall team engagement.
- The entire business becomes more focused and aligned towards strategic goals and key business priorities.
- As the pace of business increases, you'll reach your goals faster. One particular customer reported they won more contracts in the 6 months after implementing Reclaro than the previous 3 years.
- As a CEO or MD, all teams within the business will be aligned towards a consistent goal-setting framework, making it easier for you to assess overall team performance.
Partnerships
A partnership is a legal structure where two or more people
or entities come together to conduct business. Partnerships
can be formed by individuals, corporations, or other types
of organisations and are governed by a partnership agreement
that outlines the rights and responsibilities of each
partner.
Partnerships offer several benefits, including sharing
resources, expertise, and revenue generation. They can also
help businesses improve their market position by pooling
their strengths and resources.
At Reclaro, we offer three different types of partnerships:
Referral, Reseller and Strategic Alliance. Each one requires
a different level of commitment and is rewarded in
accordance with that.
Our partnership offering is open to all who wish to apply,
however, our OKR software is ideally suited to ambitious
companies with over 200 employees looking to align their
teams and increase productivity as they grow. Those
currently serving this kind of customer represent a mutually
beneficial opportunity to form an effective partnership with
us.
The first step is to book a
15-Minute Discovery Call
with our Founder and CEO, Pete Wilkinson, in which to
discuss how you could work together with Reclaro. Within
this call, Pete will listen to your requirements and discuss
options going forward. If a partnership becomes of mutual
interest and both parties wish to progress, we will send you
the Partnership Agreement documentation to sign and return.
The requirements for forming a partnership vary depending on
the type of partnership and the jurisdiction in which it is
formed. Generally, partners must agree to work together,
contribute resources to the business, and share profits
according to the terms of their partnership agreement.
Choosing the right partner for your business requires
careful consideration of several factors, including each
partner's skills, experience, and financial resources. It's
important to choose a partner who shares your values and
goals for the business and who is committed to working
collaboratively to achieve those goals.
The risks of a partnership include the potential for
disagreements between partners, the risk of personal
liability for the partnership's debts and obligations, and
the possibility of partners leaving the business or being
unable to contribute to the partnership as expected.
Profits are typically distributed among partners according
to the terms of their partnership agreement. In a general
partnership, profits are usually split equally among
partners, while in a limited partnership or limited
liability partnership, profits may be distributed according
to the percentage of ownership held by each partner.
Disagreements between partners can be resolved through
negotiation, mediation, or arbitration. The partnership
agreement should outline the procedures for resolving
disputes and may require partners to seek outside assistance
if necessary.
This depends on the level of partnership agreement entered
into. As a referral partner, you would pass sales-qualified
leads to Reclaro for us to contact directly. As a reseller
or a strategic alliance, this is something that should be
mutually agreed upon as added to the partnership agreement
in advance of any business activity commencing.
The partnership can be dissolved by mutual agreement of the
partners, by the expiration of the partnership term, or by
the death or bankruptcy of a partner. The partnership
agreement should outline the procedures for dissolving the
partnership and distributing its assets.
Maintaining a good working relationship with a partner
requires open communication, mutual respect, and a shared
commitment to the business's success. It's important to
establish clear roles and responsibilities, set realistic
expectations, and communicate regularly to ensure that each
partner is on the same page. It's also a good idea to have
regular meetings to discuss the progress of the business
partnership and any issues that may arise, and to address
any conflicts or disagreements promptly and professionally.
By working collaboratively and maintaining a positive,
respectful relationship, you can help ensure the success of
your partnership and your business.
A partnership may be right for you if you want to share
resources, expertise, and risks with another party and if
you want to benefit from the pooling of resources that a
partnership can offer. However, partnerships also require a
high level of trust and collaboration between partners and
may not be the best option if you prefer to maintain control
over all aspects of your business.
It's important to carefully consider your goals and needs,
as well as the skills and resources of potential partners,
before deciding if a partnership is a right choice for you.
It may be helpful to consult with a legal or financial
professional to discuss the advantages and disadvantages of
a partnership and to help you make an informed decision.
If you have any more questions, please contact us at
hello@reclaro.com.
Transform your vision into action with our Strategy Simplifier™
Create your custom-built Strategy Execution Plan in less than two
minutes and fast-track your business success. Our AI-powered Strategy
Simplifier™ clarifies what’s important, and provides transparent
strategic direction to help you speed up your execution.
Enter the Strategy Simplifier