Unlike traditional long-term strategic planning, OKRs prefer shorter goal cycles, which allow teams to adjust and adapt to change, reducing risks and waste. Strategic OKRs are usually set for 1 year, and tactical OKRs — for a quarter. At the end of each cycle, everyone analyzes the results and adjusts the strategic OKRs if needed. For younger companies, it might be better to adopt even shorter tactical OKR cycle, for example, 6 or 8 weeks.
Regular and short cycles reduce the time for planning, and team members don't need to place bets about what will be in 2-5 years.