PLANNING   OBJECTIVES
Objectives“Objectives are the goals, aims, or purposes  that organisations wish to achieve over  varying periods of time” ...
Concepts & Features of Objectives Organisations or groups are created basically for  certain objectives Obectives may be...
Hierarchy Of Objectives         Means-End Chain Higher level goals (ENDS) are linked to   lower level goals, which serve a...
Hierarchy                          Socio   of                   Economicobjectives               Purpose                  ...
Steps in Goal Setting Review the organisation’s mission Evaluate available resources Determine the goals individually o...
Management By Objectives          (MBO)A management system in which specific performance goals are jointly determined by e...
Steps in MBO Setting Organisational purpose and  objectives Identifying Key Result Areas (KRAs) Setting subordinate’s o...
Org. Purpose            STEPS IN MBO                   Planning And Objectives                                          Pr...
Benefits of MBO Better Managing Clarity in Organisational action Personal satisfaction Basis for Organisational change
Limitations of MBO Time and Cost Failure to teach MBO philosophy Problem in objective setting Emphasis on short term o...
Pre requisites for MBO Purpose of MBO Top Management support Training for MBO Participation Feed back for self direct...
Criticisms of PLANNING Planning may creat rigidity Plan’s can’t be developed for dynamic  environment Formal plans can’...
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Planning ii obj

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Planning ii obj

  1. 1. PLANNING OBJECTIVES
  2. 2. Objectives“Objectives are the goals, aims, or purposes that organisations wish to achieve over varying periods of time” - McFarland
  3. 3. Concepts & Features of Objectives Organisations or groups are created basically for certain objectives Obectives may be broad or specific Objectives have hierarchy Organisational objectives are conformed to the general needs of the soceity An organisation have multiple objectives Objectives can be changed
  4. 4. Hierarchy Of Objectives Means-End Chain Higher level goals (ENDS) are linked to lower level goals, which serve as the MEANS for their accomplishments or Achievement of goals at lower levelsbecomes the means to achieve the goals at the next levels and so on up through the different levels of the organisation
  5. 5. Hierarchy Socio of Economicobjectives Purpose Mission Top Down Bottom Up Overall Org. objectives More specific Overall obj. Divisional Objective Departmental and Unit objective Individual Objectives
  6. 6. Steps in Goal Setting Review the organisation’s mission Evaluate available resources Determine the goals individually or with input from others Write down the goals and communicate them to all who need to know Rreview results and whether goals are being met
  7. 7. Management By Objectives (MBO)A management system in which specific performance goals are jointly determined by employees and their managers, progress towards accomplishing these goals are periodically reviewed and rewards are allocated on the basis of this progress.
  8. 8. Steps in MBO Setting Organisational purpose and objectives Identifying Key Result Areas (KRAs) Setting subordinate’s objectives Matching Resources with objectives Appraisal Recycling
  9. 9. Org. Purpose STEPS IN MBO Planning And Objectives Premises Key Result Areas Superior’s ObjectivesSuperior’s Recommendation Subordinate’s StatementFor subordinate Objectives For his objectives Subordinate’s agreed R Matching objectives E Resources C Subordinate’s Performance Y C L Performance Review and appraisal E
  10. 10. Benefits of MBO Better Managing Clarity in Organisational action Personal satisfaction Basis for Organisational change
  11. 11. Limitations of MBO Time and Cost Failure to teach MBO philosophy Problem in objective setting Emphasis on short term objectives Inflexibility Frusturation
  12. 12. Pre requisites for MBO Purpose of MBO Top Management support Training for MBO Participation Feed back for self direction and self control Implementing MBO at lower levels Conflicting Objectives
  13. 13. Criticisms of PLANNING Planning may creat rigidity Plan’s can’t be developed for dynamic environment Formal plans can’t replace intution and creativity Planning focus manager’s attending on today’s competetion, not on tomorrow’s Formal planning reinforces success, which may lead to failure.

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