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Management By Objectives

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File Size: 7.41 MB

File Type:icon

Number of Slides: 272 Slides

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Description

An effective management goes a long way in extracting the best out of employees and make them work as a single unit towards a common goal. The term ‘Management by Objectives’ was coined by Peter Drucker, in the year 1954. It is also commonly referred to as ‘MBO’.

‘Management by Objectives’ is the process of setting objectives in the organization to give a sense of direction to the employees. It refers to the process of setting goals for the employees so that they know what they are supposed to do at the workplace.

The following objectives are included in our Latest PowerPoint Presentation:-

  • Explain What is meant by Management by Objectives
  • Describe Who advocated the concept of MBO
  • Explain the Need for MBO
  • Explain the Four Basic Principles of MBO
  • Explain Objective Setting & SMART Objectives in MBO
  • Explain the Classification of Objectives
  • List the Pre-requisites for a Good Objective
  • Describe the Three Constituent Processes of MBO
  • Explain Who can Use MBO
  • Explain the Strategies for Making MBO Effective
  • List the Benefits of MBO to Organization and Employees
  • List KRAs Managers should Focus for Clear Objectives
  • Explain the Features of MBO
  • Explain the Steps of the Process of MBO
  • Explain the Pitfalls of MBO

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