Describe the Management by Objectives process (MBO). Explain the characteristics of this important tool. Do you think we are able to apply today this MBO proces even though it is a traditional technique
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Describe the Management by Objectives process (MBO). Explain the characteristics of this important tool. Do you think we are able to apply today this MBO proces even though it is a traditional technique.
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- How do todays organizations approach planning?What did you learn about some of the real benefits and limitations of planning by watching this video?Management involves the four basic functions. These management activities are interrelated with each other. However, management functions do not usually occur in a tidy, step-by-step fashion. Therefore, among four management functions, discuss with the help of an example that which activity maintain managerial effectiveness by serving as guides for future activities and how? Moreover, do you think this activity help managers know how to allocate their time and resources? If yes, justify your answer with the help of an example.
- The Theory Z management is combination of Theory X and Y management. How is this so? Explain how Theory Z differs from both and when it may be appropriate to implement. short answer pleasea. How do a strategic plan, a tactical plan, and an operational plan differ? What do they all have in common? b. What exactly does a manager organize and for what reasonThe Management by Objectives technique has been criticized for putting too much emphasis on achieving goals (ends) and not enough on the methods that people use to achieve them (means). In reference to the scenario, discuss strategies you would apply to place a balanced emphasis on ends and means.
- Tom has recently opened a new vehicle service centre with eight employees. As part of his managerial function, he needs to set business goals, but is unsure of the value in setting goals for the business. Create a mind map explaining the importance of setting goals to Tom.I wonder why I bother with preplanning. Why is it beneficial to plan for IS implementation?Explain the Personal Identity as a Leader in Operation Management TQM? Give examples and Characteristics. What are their disadvantage and advantages?
- The MBO technique has been criticized for putting too much emphasis on achieving goals (ends) and not enough on the methods people use to achieve them (means). Discuss if it is/isn't a flaw in the technique or how managers apply it. How might a balanced emphasis on ends and means be achieved?1. What three (3) personal values should a manager possess to improve the organization's success in achieving/fulfilling its primary purpose? 2. Assumptions are used by management methods such as the Logical Framework Approach (LFA), Cost-Benefit Analysis, and Cost-Effectiveness Analysis to provide inputs for managerial decisions and actions. What is the logic of employing an assumption in coming up with or creating inputs for management decisions and actions, given that it is not guaranteed to hold? Is there any way to avoid making assumptions?breifly please, Discuss and explain what is Performance Management (P M)? How does P M fit into corporate strategy? What’s in it for me? How does it work? What are my responsibilities? How does PM relate to other initiatives?
