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Management by objectives
 

Management by objectives

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This is a very useful presentation on the management process as a transformation of objectives into accomplishments..

This is a very useful presentation on the management process as a transformation of objectives into accomplishments..

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    Management by objectives Management by objectives Presentation Transcript

    • MANAGEMENT BY OBJECTIVES MANAGEMENT BY OBJECTIVES Presented by - Manish Sharma ABM-08126
      • 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 organisational objectives.”
    • FEATURES OF MBO
      • MBO is an approach and philosophy to management and not merely a technique
      • MBO is bound to have some relationship with every management technique.
      • The basic emphasis of MBO is on objectives.
      • In MBO, the total management process revolves around the objectives set jointly by superior and subordinate.
      • Periodic review of performances is an important feature of MBO.
      • Objectives in MBO provide guidelines for appropriate system and procedures.
    • 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.
      • 2. Clarity in organisational action.
      • 3. Personnel satisfaction.
      • 4. Basis for organisational change.
    • PROBLEMS AND LIMITATIONS OF MBO
      • Time and cost.
      • Failure to teach MBO philosophy.
      • Problems in objective setting.
      • Emphasis on short-term objectives.
      • Inflexibility.
      • Frustration.
    • PREREQUISITES FOR INSTALLING MBO PROGRAMME
      • Purpose of MBO.
      • Top management support.
      • Training for MBO.
      • Participation.
      • Feedback for self-direction and self- control.
      • REFERENCE:- Principles and Practices of
      • management by L.M.Prasad.
      • (Sultan Chand & Sons.)