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Management by Objectives: An Overview
Management by Objectives: An Overview
Management by Objectives: An Overview
Management by Objectives: An Overview
Management by Objectives: An Overview
Management by Objectives: An Overview
Management by Objectives: An Overview
Management by Objectives: An Overview
Management by Objectives: An Overview
Management by Objectives: An Overview
Management by Objectives: An Overview
Management by Objectives: An Overview
Management by Objectives: An Overview
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Management by Objectives: An Overview

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A brief introduction on the topic of "Management by Objectives" brought to you by http://www.getmomentum.com

A brief introduction on the topic of "Management by Objectives" brought to you by http://www.getmomentum.com

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  • 1. Momentum Management by Objectives Software www.getmomentum.comAn IntroductionManagement by Objectives
  • 2. Momentum Management by Objectives Software www.getmomentum.comWhat it is!Management by objectives (MBO) is a process ofdefining objectives within an organization so thatmanagement and employees agree to the objectives andunderstand what they need to do in the organization inorder to achieve them.
  • 3. Momentum Management by Objectives Software www.getmomentum.comWhy it works!With an MBO system, you see the job in terms ofwhat its end result should be.Activities are never the primary element, but ratheran intermediate step in getting the desired result.
  • 4. Momentum Management by Objectives Software www.getmomentum.comProf.Peter DruckerPeter Drucker originated theconcept of management byobjectives in the 1950s.He wrote about this methodin his 1954 book, ThePractice of Management.
  • 5. Momentum Management by Objectives Software www.getmomentum.comWhy it fails!Factors such as unrealistic expectations regardingresults, lack of commitment by top management,and an inability or unwillingness by management toallocate rewards based on goal accomplishment.
  • 6. Momentum Management by Objectives Software www.getmomentum.comPractical AdviceWhile managing by objectives is not a foolproofmanagement strategy, there are ways to make theprocess of setting your MBO objectives a littlesmoother.The S.M.A.R.T is one way to help break down thecharacteristics of an effective set of objectives
  • 7. Momentum Management by Objectives Software www.getmomentum.comS for SpecificIn any level of an organization, goals should be specific.This means that each objective should include its desireresult.For example, a poorly stated goal would be “improveemployee performance,” the objective should be“improve employee performance by tracking withmonthly rewards system.”
  • 8. Momentum Management by Objectives Software www.getmomentum.comM for MeasurableObjectives in a successful MBO environment must bemeasurable. There must be a way to look back on theprogress of objective and have it be very clear whether itwas met or not.
  • 9. Momentum Management by Objectives Software www.getmomentum.comA for AchievableWhile it may seem like a no-brainer, objectives must beachievable. For example, an objective that aims for “100percent customer satisfaction” is not achievable, as it isnot realistic.
  • 10. Momentum Management by Objectives Software www.getmomentum.comR for RealisticRealistic objectives are ones that plan for factors thatcannot be controlled; that give room for imperfection.Realistic goals are those that can be accomplished withonly the tools at the immediate disposal of theemployee.
  • 11. Momentum Management by Objectives Software www.getmomentum.comT for Time-basedIt must have a specific ending point. Using the examplefrom above, “improve employee performance,” changesto “improve employee performance by tracking withmonthly rewards system within the next 6 months.”
  • 12. Momentum Management by Objectives Software www.getmomentum.comConclusionMBO has come a long way: from a performanceappraisal device, to a tool for integrating individual andcompany objectives, and finally to a long-term planningmechanism.
  • 13. Momentum Management by Objectives Software www.getmomentum.comMore InformationIf you plan to implement management by objectives inyour organization our software application calledMomentum will simplify this process.More information can be found atwww.getmomentum.com.

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