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AN PRESENTATION ON MANAGEMENT BY OBJECTIVES {MBO} Prepared by:-  Abhay .V. Raithatha Submited to:- Shri K.M & K.K Savjani ...
MANAGEMENT BY OBJECTIVES  {MBO}
INDEX <ul><li>Meaning </li></ul><ul><li>Definition </li></ul><ul><li>Features </li></ul><ul><li>MBO Process </li></ul><ul>...
MEANING <ul><li>The term &quot;management by objectives&quot; was first popularized by Peter Drucker in his 1954 book 'The...
<ul><li>The essence {element} of MBO is participative goal setting, choosing course of actions and decision making. An imp...
Definition: “ Management By Objectives’ is a comprehensive {wide} managerial system that integrates many key managerial ac...
DEFINITION <ul><li>“ A dynamic {full of force} system which seeks to integrate the company’s need to clarify and achieve i...
Features <ul><li>It integrates the corporate objectives with that of individuals'.  </li></ul><ul><li>The use of objective...
PROCESS OF MBO
ADVANTAGES <ul><li>The advantages of MBO are as follows:- </li></ul><ul><li>Improvements of managing.  </li></ul><ul><li>C...
Disadvantages <ul><li>The disadvantages of MBO are as follows:- </li></ul><ul><li>Time & Cost. </li></ul><ul><li>Problems ...
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Mgt

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  1. 1. AN PRESENTATION ON MANAGEMENT BY OBJECTIVES {MBO} Prepared by:- Abhay .V. Raithatha Submited to:- Shri K.M & K.K Savjani BBA College Veraval.
  2. 2. MANAGEMENT BY OBJECTIVES {MBO}
  3. 3. INDEX <ul><li>Meaning </li></ul><ul><li>Definition </li></ul><ul><li>Features </li></ul><ul><li>MBO Process </li></ul><ul><li>Advantages </li></ul><ul><li>Disadvantages </li></ul>
  4. 4. MEANING <ul><li>The term &quot;management by objectives&quot; was first popularized by Peter Drucker in his 1954 book 'The Practice of Management'. </li></ul><ul><li>Management by Objectives  (MBO) is a process of defining  objectives  within an organization so that management and employees agree to the objectives and understand what they are in the organization. </li></ul>
  5. 5. <ul><li>The essence {element} of MBO is participative goal setting, choosing course of actions and decision making. An important part of the MBO is the measurement and the comparison of the employee’s actual performance with the standards set. Ideally, when employees themselves have been involved with the goal setting and choosing the course of action to be followed by them, they are more likely to fulfill their responsibilities. </li></ul>
  6. 6. Definition: “ Management By Objectives’ is a comprehensive {wide} managerial system that integrates many key managerial activities in a systematic manner and that is consciously directed towards the effective and efficient achievement of organizational and individual objectives.”
  7. 7. DEFINITION <ul><li>“ A dynamic {full of force} system which seeks to integrate the company’s need to clarify and achieve its profit and growth sales with the manager’s need to contribute and develop himself.” </li></ul><ul><li>BY john humble </li></ul>
  8. 8. Features <ul><li>It integrates the corporate objectives with that of individuals'.  </li></ul><ul><li>The use of objectives provides a basis for measurement. </li></ul><ul><li>It is management by agreement rather than management by command. </li></ul><ul><li>It requires employees to manage their own performance.  </li></ul>
  9. 9. PROCESS OF MBO
  10. 10. ADVANTAGES <ul><li>The advantages of MBO are as follows:- </li></ul><ul><li>Improvements of managing. </li></ul><ul><li>Clarification of organization. </li></ul><ul><li>Encouragement of personal commitment. </li></ul><ul><li>Development of effective controls. </li></ul>
  11. 11. Disadvantages <ul><li>The disadvantages of MBO are as follows:- </li></ul><ul><li>Time & Cost. </li></ul><ul><li>Problems In Objective Setting. </li></ul><ul><li>Inflexibility. </li></ul><ul><li>Frustration. </li></ul>
  12. 12. Thanking You
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