Management By Objective(Mbo) By Baskar
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Management By Objective(Mbo) By Baskar

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Management By Objective(Mbo) By Baskar Management By Objective(Mbo) By Baskar Presentation Transcript

  • MANAGEMENT BY OBJECTIVE(MBO)
    K.BASKAR
    MBA-DMS
    PONDICHERRY UNIVERSITY
  • OBJECTIVE
    SOMETHING WE TRY TO ACHIEVE
    INDIVIDUAL ACTIVITIES
    SPECIFIC OR BROAD
    LONG TERM OR SHORT TERM
  • NATURE OF OBJECTIVE
    OVERALL OBJECTIVES NEED TO BE SUPPORTED BY SUB OBJECTIVE
    HIERARCHY AND NETWORK FORM
    View slide
  • Hierarchy model
    View slide
  • MBO
    The term MBO was coined by Peter Drucker in 1954
    “MBO is a comprehensive managerial system that integrates many key managerial activities in a systematic manner, consciously directed towards the effective achievement of organizational objectives.”
  • WHAT IS MBO?
    We set goals and then performance is judged based on how well we accomplish these goals.
    Intellectually – this seems like the way to go – and has for years
    But?
  • The goals must be:
    Mutually agreeable to employee and supervisor
    Demanding (stretching) but achievable
    Within the control of the employee
    Reviewed periodically for modifications based on events
  • The goals must also be:
    Clearly defined
    Simple to understand
    Written
  • Process of MBO
    Setting of organisational purpose & objectives.
    Key result areas.
    Setting subordinate objectives.
    Matching resources & objectives.
    Appraisal.
    Recycling.
    Aspects:-
    • Objective setting.
    • Action planning.
    • Performance review.
  • BENEFITS OF MBO
    Better management:-
    a) Clarity of objectives.
    b) Role clarity.
    c) Periodic feedback of performances.
    d) Participation by managers in the
    management process, and
    e) Realisation that there is always scope
    for improvement of performance in every
    situation.
  • BENEFITS OF MBO
    2. Clarity in organisational action.
    3. Personnel satisfaction.
    4. Basis for organisational change.
  • PROBLEMS AND LIMITATIONS OF MBO
    Difficulty of setting goals
    Failure to teach MBO philosophy.
    Problems in objective setting.
    Emphasis on short-term objectives.
    Inflexibility.
    Frustration
  • THANK YOU