Management by objectives

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

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Management by objectives

  1. 1. MANAGEMENT BY OBJECTIVES MANAGEMENT BY OBJECTIVES Presented by - Manish Sharma ABM-08126
  2. 2. <ul><li>The term MBO was coined by Peter Drucker in 1954 </li></ul><ul><li>“ 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.” </li></ul>
  3. 3. FEATURES OF MBO <ul><li>MBO is an approach and philosophy to management and not merely a technique </li></ul><ul><li>MBO is bound to have some relationship with every management technique. </li></ul><ul><li>The basic emphasis of MBO is on objectives. </li></ul><ul><li>In MBO, the total management process revolves around the objectives set jointly by superior and subordinate. </li></ul><ul><li>Periodic review of performances is an important feature of MBO. </li></ul><ul><li>Objectives in MBO provide guidelines for appropriate system and procedures. </li></ul>
  4. 4. Process of MBO <ul><li>Setting of organisational purpose & objectives. </li></ul><ul><li>Key result areas. </li></ul><ul><li>Setting subordinate objectives. </li></ul><ul><li>Matching resources & objectives. </li></ul><ul><li>Appraisal. </li></ul><ul><li>Recycling. </li></ul><ul><li>Aspects :- </li></ul><ul><ul><li>Objective setting. </li></ul></ul><ul><ul><li>Action planning. </li></ul></ul><ul><ul><li>Performance review. </li></ul></ul>
  5. 5. BENEFITS OF MBO <ul><li>Better management:- </li></ul><ul><li>a) Clarity of objectives. </li></ul><ul><li>b) Role clarity. </li></ul><ul><li>c) Periodic feedback of performances. </li></ul><ul><li>d) Participation by managers in the </li></ul><ul><li>management process, and </li></ul><ul><li>e) Realisation that there is always scope </li></ul><ul><li>for improvement of performance in every </li></ul><ul><li>situation. </li></ul>
  6. 6. <ul><li>2. Clarity in organisational action. </li></ul><ul><li>3. Personnel satisfaction. </li></ul><ul><li>4. Basis for organisational change. </li></ul>
  7. 7. PROBLEMS AND LIMITATIONS OF MBO <ul><li>Time and cost. </li></ul><ul><li>Failure to teach MBO philosophy. </li></ul><ul><li>Problems in objective setting. </li></ul><ul><li>Emphasis on short-term objectives. </li></ul><ul><li>Inflexibility. </li></ul><ul><li>Frustration. </li></ul>
  8. 8. PREREQUISITES FOR INSTALLING MBO PROGRAMME <ul><li>Purpose of MBO. </li></ul><ul><li>Top management support. </li></ul><ul><li>Training for MBO. </li></ul><ul><li>Participation. </li></ul><ul><li>Feedback for self-direction and self- control. </li></ul>
  9. 9. <ul><li>REFERENCE:- Principles and Practices of </li></ul><ul><li>management by L.M.Prasad. </li></ul><ul><li>(Sultan Chand & Sons.) </li></ul>

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