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File: Slideshare Management 75163 | Objectives
objectives objectives may be defined as final result of an organization tries to achieve in a specific time period moreover the objectives are a future oriented and results in state ...

icon picture PPTX Filetype Power Point PPTX | Posted on 02 Sep 2022 | 3 years ago
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     Objectives
     Objectives  may  be  defined  as  final  result  of  an 
       organization  tries  to  achieve  in  a  specific  time 
       period.  Moreover, the objectives are a future oriented 
       and results  in  state  of  affairs.  It  helps  in  providing  to 
       make an organization in its attention and effort, basically 
       focused on a certain way.
          Advantages of objectives
          1.   An objective defines the purpose of an organisation
          2.   It helps in planning
          3.   It helps in decision making
          4.   It helps in co-ordination
          5.   It helps in motivation
        Management By Objectives [MBO]
                       Introduction
    The first original work on MBO can be found in Peter Drucker’s book, The Practice of 
     Management, published in 1954.
    MBO is a process which ideally begins at the top of the organization with the 
     establishment of specific organizational objectives.
    Then, at second level of the organization, managers working with their bosses, 
     establish objectives for their departments that are consistent with the organization’s 
     objectives.
    This procedure is repeated down to the lowest level managers in the organization.
    The value of MBO is that it communicates the mission, goals and objectives of the 
     organization to the lower levels.
    The lower level managers work out their plans and targets in consultation with their 
     subordinates.
    These are then sent to higher levels for consideration.
    MBO, thus, allows employees to participate in planning and control of their own work
    This involvement of employees increases their motivation and commitment to their 
     work.
           Management By Objectives [MBO]
                       Meaning
      Management by objectives (MBO) is a strategic management model that aims 
     to improve the performance of an organization by clearly defining objectives 
     that are agreed to by both management and employees.
     MBO is a method whereby managers and employees define goals for every 
     department,  project,  and  person  and  use  them  to  monitor  subsequent 
     performance.
     It    helps  to  improve  communication  between  employee  and  management, 
     increase employee understanding of company goals, focus employee efforts 
     upon organisational objectives and provide link between pay and performance.
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...Objectives may be defined as final result of an organization tries to achieve in a specific time period moreover the are future oriented and results state affairs it helps providing make its attention effort basically focused on certain way advantages objective defines purpose organisation planning decision making co ordination motivation management by introduction first original work mbo can found peter drucker s book practice published is process which ideally begins at top with establishment organizational then second level managers working their bosses establish for departments that consistent this procedure repeated down lowest value communicates mission goals lower levels out plans targets consultation subordinates these sent higher consideration thus allows employees participate control own involvement increases commitment meaning strategic model aims improve performance clearly defining agreed both method whereby define every department project person use them monitor subsequen...

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