Management by Objectives

Nature of Objectives

Hierarchy of Objectives Process of Formulating Objectives Network of Objectives Multiplicity of Objectives

Concepts in MBO

Early Impetus to MBO Emphasis on Performance Appraisal Emphasis on Short-term Objectives and Motivation Inclusion of Long-range planning in the MBO Process

Systems Approach to MBO

Process of MBO

Aspire Aim

Achieve

MBO in Real Life

Have you ever experienced or seen MBO in action?

Benefits of MBO

Better Managing Clarity in Organizational Action Encouragement of Personal Commitment Personnel Satisfaction Basis for Organizational Change Development of Effective Controls

Limitations of MBO

Failure of Teach MBO Philosophy Failure to give Guidelines to Goal Setters Difficulty in Goal Setting Emphasis on Short-term Goals Inflexibility Other Dangers

Making MBO Effective

Top Management Training for MBO Formulating Clear Objectives Effective Feedback Encouraging the Subordinates

Management by Evaluation
A Study by Robert Rodgers and John Hunter (1991)

MBO is effective in public and private sectors because of 3 components

1. 2. 3.

Goal Setting Participation Feedback

Each component contributes to gains in productivity.

Today We Learnt
Nature of Objectives Hierarchy, Formulating Process, Network & Multiplicity MBO Concept, Process, Benefits, Limitations & Increasing MBO Effectiveness Create and implement objectives in your life Any Questions or Suggestions?

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When Someone Mentions MBO

We wont look like this:

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For More Information

Please Review The CD Accompanying The Course Material For Additional Reading Visit The ICFAI Recommended Site:
file:///E|/mba/assets/sub1/chp5/art/adition.htm

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