Kalyan mbo

1,080 views

Published on

It's techniqu

Published in: Education
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,080
On SlideShare
0
From Embeds
0
Number of Embeds
7
Actions
Shares
0
Downloads
69
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Kalyan mbo

  1. 1. MANAGEMENT BY OBJECTIVES PRESENTED BY: DR. KALYAN SINGHGUIDED BY: DR. KALYAN REEDY SIR
  2. 2. CONTENTS INTRODUCTION GUIDELINES FOR SETTING OBJECTIVES MANAGEMENT BY OBJECTIVES PRINCIPLES PROCESS OF MBO BENFITS OF MBO LIMITATION OF MBO CONCLUSION
  3. 3. 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.
  4. 4. 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
  5. 5. MANAGEMENT BY OBJECTIVES PRINCIPLES: Cascading of goals and objectives Specific objectives for each member Participative decision making Explicit time period Performance evaluation and feedback
  6. 6. PROCESS OF MBO
  7. 7. 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
  8. 8. 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
  9. 9. LIMITATION OF MBO Time and cost Failure to teach the mbo philosophy Problem in objective setting Emphasis on short term objectives Inflexibility Frustration
  10. 10. CONCLUSION Necessity of performance management For maximum utilization of resource Benefit accrue to large section of society Resource have opportunity cost
  11. 11. SOURCES by:book James A.F. Stoner

×