Management By Objective(Mbo) By Baskar

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Management By Objective(Mbo) By Baskar

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

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