Chief Product Officer OKR Examples

Create product roadmap for the upcoming fiscal year

The goal of this objective is to develop a roadmap for the upcoming year

• Run 5 design thinking workshop with Marketing, Design and Engineering
• Create a product strategy roadmap and align resources with Engineering
• Define the budget, number of new hires and get approval from the board

Build strong product team to execute on the product roadmap

The goal of this objective is to hire a team of A-players

• Define a set of universities and positions and budget
• Get budget approval under $300k from the board
• Run at least 50 interviews and hire at least 3 new team members

Develop strong product and innovation culture

The goal of this objective is to develop a set of processes to ship fast

• Run 12 weekly workshops with Design, Marketing and Engineering
• Design a rapid innovation sprint process and run 3 test sprints
• Design, develop and hold 5 innovation trainings all teams including finance

Increase customer lifetime value by 25% by the end of the year

Increasing customer's lifetime value

• Implement loyalty rewards program
• Develop targeted marketing campaigns
• Conduct customer satisfaction surveys

Implement a new analytics solution to improve data tracking and analysis by the end of Q3

Setting up a new analytics solution

• Research and evaluate potential solutions
• Create a project plan and timeline for implementation
• Train team members on how to use the new solution

Develop and launch a new mobile app by the end of Q2 to improve customer engagement and increase sales

Creating a new mobile app strategy

• Conduct market research to identify customer needs and preferences
• Create a detailed app design and functionality plan
• Collaborate with development team to launch the app on time and on budget