Kalyan mbo
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Kalyan mbo

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Kalyan mbo Kalyan mbo Presentation Transcript

  • MANAGEMENT BY OBJECTIVES PRESENTED BY: DR. KALYAN SINGHGUIDED BY: DR. KALYAN REEDY SIR
  • CONTENTS INTRODUCTION GUIDELINES FOR SETTING OBJECTIVES MANAGEMENT BY OBJECTIVES PRINCIPLES PROCESS OF MBO BENFITS OF MBO LIMITATION OF MBO CONCLUSION
  • INTRODUCTION The term Management by objectives was first popularized by Peter Drucker in his 1954 book, “The Practice of Management”. Management by objective systemic and organized approach that allow the management to focus on achievable goal and to attain the best possible result from available resource. View slide
  • GUIDELINES FORSETTING OBJECTIVES: SMART Criteria - Specific, Measurable, Achievable, Relevant, Time-Specific Clear and Realistic Results oriented Established before the fact Verifiable Agreed both by managers and the associates Written Consistent with focus View slide
  • MANAGEMENT BY OBJECTIVES PRINCIPLES: Cascading of goals and objectives Specific objectives for each member Participative decision making Explicit time period Performance evaluation and feedback
  • PROCESS OF MBO
  • BALANCE BETWEEN MANAGEMENT ANDEMPLOYEE EMPOWERMENT: setting objective organizing the groups Motivating and communicating Measuring the performance Developing the people including yourselfINDIVIDUAL RESPONSIBILITY: To create the link between top level to lower level manager Responsibility for objective Important for knowledge based Today’s worker are self manager
  • BENFITS OF MBO Better managerial planning and use of employee Clarity in organizational action Personnel satisfaction Basis for organization change A basis for promotion and evaluation
  • LIMITATION OF MBO Time and cost Failure to teach the mbo philosophy Problem in objective setting Emphasis on short term objectives Inflexibility Frustration
  • CONCLUSION Necessity of performance management For maximum utilization of resource Benefit accrue to large section of society Resource have opportunity cost
  • SOURCES by:book James A.F. Stoner