This document defines management by objectives (MBO) as a process where managers and subordinates jointly set goals and define responsibilities. It lists the key characteristics of MBO as being goal-oriented, participative, focused on key result areas, using a systems approach, optimizing utilization, being dynamic, practical, ensuring multiple accountability, and taking a total approach. The document also outlines the types of objectives used in MBO, including external, internal, qualitative, and quantitative objectives. It discusses the benefits and advantages of MBO, as well as potential disadvantages, and provides suggestions for improving its effectiveness.
Planning is Important part of every activity carried out these days without planning there are more chances of failures of ideas. going step by step will help achieving the goals in a better way
Planning is Important part of every activity carried out these days without planning there are more chances of failures of ideas. going step by step will help achieving the goals in a better way
Management by objectives (MBO) is a systematic and organized approach that allows management to focus on achievable goals and to attain the best possible results from available resources.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
2. DEFINITION
According to GEORGE ODIORN “ MBO is a process whereby the
superior and subordinate managers of an organisation jointly
identify its common goals , define each individuals major areas of
responsibility in terms of results expected of him , and use these
measures as guides for operating the unit and assessing the
contribution of each of its members ”
3. CHARACTERISTICS OF MBO
1) Goal Orientation
2) Participation
3) Key Result Area (KRAs)
4) Systems Approach
5) Optimum Utilisation
6) Dynamic Concept
7) Practical
8) Multiplicity of Accountability
9) Total Approach
4. TYPES OF OBJECTIVES
1) External Objectives
2) Internal Objectives
3) Qualitative objectives
a) Survival
b) Growth
c) Service
d) Social Objectives
e) Personal Objectives
6. BENEFITS OF MBO
1) Improved Planning
2) Coordination
3) Motivation and Commitment
4) Accurate Appraisals
5)Executive Development
6) Organizational change and Development
7. ADVANTAGES OF MBO
Since Management by objectives (MBO) is a result-oriented process and focuses on setting and controlling
goals, if encourages managers to do detailed planning.
2. Both the manager and the subordinates know what is expected of them and hence there is no role
ambiguity or confusion.
3. The managers are required to establish measurable targets and standards of performance and priorities
for these targets. In addition, the responsibilities and authority of the personnel is clearly established.
4. It makes individuals more aware of the company goals. Most often the subordinates are concerned with
their own objectives and the environment surrounding them. But with MBO, the subordinates feel proud
of being involved in the organizational goals. This improves their morale and commitment.
8. ADVANTAGES (CONTD)
5. Management by objectives (MBO) often highlights the area in which the employees need further
training, leading to career development.
6. The system of periodic evaluation lets the subordinates know how well they are doing. Since MBO puts
strong emphasis on quantifiable objectives , the measurement and appraisal can be more objective,
specific and equitable.
7. It improves communication between management and subordinates.
9. DISADVANTAGES OF MBO
1. MBO can only succeed if it has the complete support of the top management.
2. Management by Objectives (MBO) may be resented by subordinates. They may be under pressure to
get along with the management when setting goals and objectives and these goals may be set
unrealistically high. This may lower their morale and they may become suspicious about the philosophy
behind MBO.
They may seriously believe that MBO is just another of the management’s ploys to make the subordinates
work harder and become more dedicated and involved. The emphasis in the MBO system is on quantifying
the goals and objectives. It does not leave any ground for subjective goals. Some areas are difficult to
quantify and even more difficult to evaluate.
3. There is considerable paperwork involved and it takes too much of the manager’s time. Too many
meetings and too many reports add to the manager’s responsibility and burden. Some managers may
resist the program because of this increased paperwork
10. DISADVANTAGES ( CONTD )
4. The emphasis is more on short-term goals. Since the goals are mostly quantitative in nature, it is difficult
to do long-range planning because all the variables affecting the process of planning cannot be accurately
forecast due to the constantly changing socio-economic and technological environment which affect the
stability of goals.
5. Most managers may not be sufficiently skilled in interpersonal interaction such as coaching and
counseling, which is extensively required.
6. The integration of MBO system with other systems such as forecasting and budgeting etc., is very poor.
This makes the overall functioning of all systems mare difficult.
7. Group goal achievement is more difficult. When the goals of one deportment depend on the goals of
another department, cohesion is more difficult to obtain. For example, the production department cannot
produce a set quota if it is not sufficiently supplied with raw materials and personne
11. SUGGESTIONS FOR IMPROVING THE
EFFECTIVENESS OF MBO
1. It is important to secure top management support and commitment. Without this commitment, MBO
con never really be a success. The top managers and their subordinates should all consider themselves as
players of the some team. This means that the superiors must be willing to relinquish and shore the
necessary authority with subordinates.
2. The objectives should be clearly formulated, should be realistic and achievable. For example, it is not
realistic for the R&D department of on organization to set a goal of, say, 10 inventions per year. These goals
should be set with the participation of the subordinates. They must be properly communicated, clearly
understood and accepted by all. MBO works best when goals are accepted.
3. MBO should be on overall philosophy of management and the entire organization, rather than simply a
divisional process or a performance appraisal technique. MBO is a major undertaking and should replace
old systems rather than just being added to it. Felix M.Lopex has observed, when an organization is
managed by objectives, it becomes performance oriented. It grows and it develops and it becomes socially
useful.
12. • 4. The goals must be continuously reviewed and modified, as the changed conditions require. The
review technique should be such that any deviations are caught early and corrected.
• 5. All personnel involved should be given formal training in understanding the basics as well as the
contents of the programme. Such education should include as to how to set goals, the methods to
achieve these goals, methods of reviews and evaluation of performance and provisions to include any
feedback that may be given.
• 6. Management by Objectives (MBO) system is a major undertaking based upon sound organizational
and psychological principles. Hence it should be totally accepted as a style of managing and should be
totally synthesized with the organizational climate. All personnel involved must have a clear
understanding of their role authority and their expectations. The system should be absorbed totally by
all members of the organization.