Management By Objectives

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Unit -7 Management by Objectives
Unit-07
Management by Objectives
Structure of Unit
Structure
of
Unit
7.0 7.0 Objectives
O
b j e c t i v e s
7.1 7.1 Introduction t
I
n r o d u c t i o n 7.2 7.2 What is Management by Objectives (MBO)? by
What
is
Management
Objectives
(MBO)?
7.3 7.3 Features of Management Management(MBO) by
Features
of
Objectives
(MBO) by Objectives
7.4
The
Process
of
Management
by
Object ives
(MBO)
7.4 The Process of Management by Objectives (MBO)
7.5
Import ance and Advant age of MBO
7.5 Importance and Advantage of MBO
7.6
Weaknesses and Criticism of MBO
7.6 Weaknesses and Criticism of MBO MBO
7.7
Making
Effective
7.8 7.7 Making MBO Effective m
S
u
m
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Today, MBO is used not only as a technique of goal setting but also as a total system of planning, motivation, performance appraisal and self-control.
Synchronizing goals and subordinate Objectives
7.2
What is Management by Objectives
(MBO)?
MBO is difficult to define. Organizations useTracks performance different reasons. In it in different ways and for broad terms, it may be stated that MBO is both a philosophy and an approach of management. It is a process in which superiors and subordinates sit together to identify the common objectives and set the
Enhances organizational performance goals which are to be achieved by the subordinates, assess the contribution of each individual and integrate individual objectives with those of the organisation so as to make best use of the available resources
Fig. 7.1 Management by objectives (MBO)
87
of the organisation.
"
Get duly communicated to all who are concerned with it;
"
Align short-term objectives to medium and long-term objectives; and

MBO is a system in which specific performance objectives are determined through participative approach. Progress towards objectives is periodically reviewed and rewards determined accordingly.
In other words it refers to a formal, or moderately formal, set of procedures that begins with goal setting and continues through performance review. The key to MBO is that it is a participative
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