2. Introduction to Management by Objectives
Management by Objectives, often shortened to MBO, is
simply one of several management models that have been
used, and are still being used even today.
This approach is based on concept Joint setting of goals
and objectives.
In other words, it operates on the assumption that, if the
goals of the organization are aligned with that of the
employees, then achieving these goals through work
performance will be more successful.
3. Definitions Of Management By
Objectives MBO :-
According to George Odiome,
“ MBO is "a process whereby
superior and subordinate managers of an Organisation jointly
define its common goals, define each individual's 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.”
4. What is Management By Objectives?
Management By Objectives (MBO) is an performance
management approach in which a balance is sought between the
objectives of employees and the objectives of an organization.
The essence of Peter Drucker ’s basic principle: Management By
Objectives is to determine joint objectives and to provide feedback
on the results.
Setting challenging but attainable objectives promotes motivation and
empowerment of employees.
By increasing commitment, managers are given the opportunity to
focus on new ideas and innovation that contribute to the development
and objectives of organizations.
5. Principles of Management by objectives
(MBO)
Cascading of organizational goal and objective
Specific objective for each members
Participative decision making
Explicit time period
Performance evaluate and feedback
6. Management By Objectives steps -
Collectively fixing objective
Collectively making plan
Subordinates implements the plan
Collectively monitoring performance
7. What are objective ?
Objectives should be S M A R T
