Mbo in Microsoft

1863 WordsFeb 23, 20138 Pages
| Yes! You are in the right place! | | This site is Ranked Top 5 by Google for"Management by Objectives"out of about 11-million-wide (!!!) competition! | | "MBO is one of the rational school of management's successful products." – The Economist | | 8 Key Result Areas Where Managers Must Pursue Clear Objectives | * Marketing * Innovation * Human organization * Financial resources * Physical resources * Productivity * Social responsibility * Profit requirements | Management by Objectives (MBO) Principles | * Cascading of organizational vision, goals and objectives * Specific objectives for each member * Participative decision making * Explicit time period * Performance evaluation and feedback |…show more content…
MBO includes ongoing tracking and feedback in the process to reach objectives.Management by Objectives (MBO) was first outlined by Peter Drucker in 1954 in his book 'The Practice of Management'. In the 90s, Peter Drucker himself decreased the significance of this organization management method, when he said: "It's just another tool. It is not the great cure for management inefficiency... Management by Objectives works if you know the objectives, 90% of the time you don't." Core ConceptsAccording to Drucker managers should "avoid the activity trap", getting so involved in their day to day activities that they forget their main purpose or objective. Instead of just a few top managers, all managers should: * participate in the strategic planning process, in order to improve the implementability of the plan, and * implement a range of performance systems, designed to help the organization stay on the right track.Managerial FocusMBO managers focus on the result, not the activity. They delegate tasks by "negotiating a contract of goals" with their subordinates without dictating a detailed roadmap for implementation. Management by Objectives (MBO) is about setting yourself objectives and then breaking these down into more specific goals or key results. Main PrincipleThe principle behind Management by Objectives (MBO) is to make sure that everybody within the organization has a clear
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