management by objectives (mbo) © 2015 albert-learning.com management by objectives (mbo)

Management By Objectives (MBO)

© 2015 albert-learning.com

MANAGEMENT BY OBJECTIVES (MBO)



Definitions Of Management By Objectives MBO

According to John Humble, MBO is "a dynamic system which seeks to integrate the

company's needs to clarify and achieve its profits and growth goals with the manager's

need to contribute and develop himself. It is a demanding and rewarding style of

managing a business."



Features Of Management By Objectives MBO :

Superior-subordinate participation

Joint goal-setting

Joint decision on

methodology

Makes way to attain

maximum result

Support from superior



Steps In Management By Objectives Planning

Goal setting

Manager-Subordinate involvement

Matching goals and resources

Implementation of plan

Review and appraisal of performance



Advantages of Management By Objectives MBO

Develops result-oriented philosophy

Formulation of dearer goals

Facilitates objective appraisal

Raises employee morale

Facilitates effective planning

Acts as motivational force

Facilitates personal leadership

Facilitates effective control



Limitations of Management By Objectives MBO

Time-consuming

Reward-punishment approach

Increases paper-work

Creates organizational problems

Develops conflicting objectives

Problem of co-ordination

Lacks durability

Problems related to goal-setting



Essential Conditions for Successful Execution/Implementation of MBO Or...How To Make MBO Effective?

Support from all

Acceptance of MBO programme by managers

Training of managers

Organizational commitment

Allocation of adequate time and resources

Provision of uninterrupted information feedback

management by objectives (mbo) © 2015 albert-learning.com management by objectives (mbo)

Documents

objectives mbo management

mbo effective

superior management

comlimitations of management

comdefinitions of management

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acceptance of mbo programme