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Mbo
 

Mbo

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its use full to students of management

its use full to students of management

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    Mbo Mbo Presentation Transcript

    • Management by objective MBO
    • Goal-Setting Theory
      • Many believe that everyone already sets goals
      • But this is not true
      • When groups do set goals, output invariably increases over groups that do not set goals.
    • Goal setting and incentives
      • Incentives improve performance – but
      • Only if they cause individuals to set and commit to attaining specific goals
    • Why does goal setting effect performance?
      • Goals focus activity
      • Goals regulate expenditure of effort
      • Difficult goals lead to more persistent effort than do easy goals
      • These 3 are critical to the MBO process
    • 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
    • Problems with MBO programs
      • Employees get systematically more credit or blame than deserved
      • Bias still exist in rating.
    • The end