Objectives Of Management By Objectives

There are 10 basic tasks for “The action agenda for executing a strategy”. These 10 tasks are: Build the organizational capabilities required for successful strategy execution, establish a strategy supportive of organizational structure, and allocate sufficient resources to the strategy execution effort, Institute policies and procedures that facilitate strategy execution, adopt best practices and business processes that drive continuous improvement, install information and operating systems that support strategy execution activities, tie rewards and incentives directly to the achievement of strategic and financial targets, instill a corporate culture that promotes good strategy execution, exercise strong leadership to propel strategy execution forward, and staff the organization with the right people for executing this strategy. If managers execute these 10 tasks well, the company has a higher success rate.

Today, organizations need to have a clear understanding of where their organization is and where it needs to be in the future to secure longevity and financial success (Moore, Ellsworth, & Kaufman, 2011). Organizations need to have a performance management system in place to stay competitive. Therefore, having a well-developed performance management process in place allows the employer and employee to communicate goals, share information, and establish career growth. Performance management needs to contribute to the success of the organization while providing a positive impact on the employees. Therefore, the mission, goals and performance management should coincide with one another.

Achieving the general objectives of the organization according to the requirements of the management by applying a clear plan.

His ideas and thoughts revolutionized corporate management in the latter half of the 20th century. He developed ‘Management by Objectives’ (MBO) ‘The Practice of Management’. MBO deals with a certain type of interaction, specific to a manager and his employee. MBO is based on the thinking that various hierarchies within an organization need to be integrated. MBO practice encompasses collaboration by using “SMART”: Specific, Measurable, Achievable, Realistic, and Time bound goals (Communication Theory-Drucker, n.d.). Thus, allowing school leaders to create the objectives of a school with the staff a having open lines of communication will allow each to contribute to the

'. (Hannagan, T (2002), ‘Management: Concepts and Practices ' P142.)  Their goals and objectives vary immensely, but all must be considered.

Specifically, fulfilling the mission and meeting the mandate should basically result from taking actions and establishing fundamental decisions that will guide and shape what the organization is, what it does, and the purpose for doing it, all these are some basic functions of strategic planning. (Bryson 2002). Producing such decisions and also taking action requires organizing participation; producing ideas for strategic intervention (which is to formulate a problem and searching for solutions to the problem); for the overall purpose of building a winning coalition around proposal development, monitoring and implementing various review to evaluate the strategic interventions. All of these have both contributed directly in various sequences to creating fundamental decisions and actions.

In this assignment aims and objectives of five different businesses will be looked at. I will also be writing a report at purposes of a business if they’re growing? Surviving? Selling things? Or services? And finally providing a detailed study of one of the businesses. If it is meeting its aims and objectives or not, making a judgement overall by using evidences to back up my findings.

1a. The primary strategic objective as outlined in the Directive for Commander-in-Chief Allied Expeditionary Force is to cut off the Axis supplies to Africa by means of the Mediterranean ports. The ports currently under Axis control include Algiers, Oran, Tunis, Bone, Philippville and Casablanca. These ports are currently held by French troops, who although under Axis control are considered friendly to the Allies.

Anita Satterlee writes, “Organizational management is a subset of management and is the art of applying general principles of systematic planning and problem solving to skillfully direct and supervise united efforts to meet the organizational goals.” (Satterlee, 2013) Given the various management levels, styles, functions and responsibilities, the historical context is rooted in managerial theories that cover the philosophies and strategies of men like Munsterberg, Maslow, Argyris, Fiedler, Juran and Senge.

Internal factors: These are those that are under the control of the management of a firm, and they may be called factors related with business operations.

Management in all business and organizational activities is the act of coordinating the efforts of people to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.

Hathaway Jones is a high-end clothing retailer that despite grossing in $5 Billion dollars in sales in 2006, hardships still threatened the well-being of the company. Fred, who had an extensive background with luxury brands and immaculate credentials, was employed to tackle these issues and revamp the Hathaway Jones image. His aggressive nature made him hit the ground running implementing a cost-saving outsourcing strategy which improved profit margins, merging closer to industry’s standards. Plans to redefine Hathaway’s market towards younger adults, offering trendier affordable clothes was the next task Fred wanted to deploy in efforts of changing the brands image. Since China presented a 70% annual growth rate in luxury goods, it became a highly attractive market for Hathaway’s new image. To access the Chinese market, hefty investments were made to open up a chain of new stores in Beijing, Guangzhou, and Shanghai. With this project almost approaching its debut, Fred was put to the quest to recruit a winning team to handle any and all challenges that may come by and ensure the success of this lucrative market.

Before an organization comes into operation, the management has to come up with various objectives that they want the organization to achieve. The objectives may be both long term and short term, depending on the mechanisms that would be put forward to achieve them. Objectives determine the path that the organization will take in implementing its plans. The management should not come up with objectives that will only favor section of the members of the organization, (Carrin, 2009). Our organization, Delta Chicken had the following objectives: to increase our financial earning within the next two years up to 35%, to come up with new products that will attract new customers, to improve the quality of our products through training of our employees and to reduce the number of complaints received from customers and by the end of this year, we should have accessed Asian market.

Why should organizations engage in HR Planning? Why do some organizations require relatively complex and comprehensive HR planning systems than do others? Discuss.

In order to establish the guidelines needed many organizations utilize the Management by Objectives (MBO), which is “effective planning [that] depends on every manager having clearly defined objectives that apply specifically to his or her function. “Each objective must also contribute to the objectives of higher management and of the organization as a whole” (Satterlee, 2013). This process is comprised of three steps in which management and subordinates set interdependent goals. During step one, the top leaders draft and implement the main goals and objectives for the organization. These plans then are disseminated down to the next level of management, which is made up of department or division heads. They, in turn, set goals for within their own area of