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A Presentation on Management by Objectives

A Presentation on Management by Objectives

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Published by: Gaurav Drall on Sep 28, 2009
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A Presentation On Management By Objectives

Gaurav Drall

From: Gaurav Drall Roll No. 05

1

PLANNING
HOW TO BEST MEET YOUR MISSION

We must plan for the future, because people who stay in the present will remain in the past.
Abraham Lincoln
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What Is Planning
 Planning

is a search problem that requires to find an efficient sequence of actions that transforms a system from a given starting state to the goal state.  Planning is the starting point of management process.  Predetermines what the business proposes to accomplish and how it intends realizing its goals.

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Proper planning accomplishes the following
1.

Managing Uncertainty Better Focus Improves Coordination Basis For Control Improves Effectiveness
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3.

5.

7.

9.

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Organizational Mission
 The

mission states the organization’s values and reason for existence. mission statement is the basis for all following goals and plans.

 The

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Goals And Plans
Goals: Specify future ends.

Plans: Specify the means to future ends. “ The blueprint for goal achievement…. Specifies the resource allocation, Schedules, tasks….”
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Strategic Goals And Plans

Strategic Goals pertain to the entire organization. Strategic Plans define the action steps the company will use to attain strategic goals.

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Tactical Goals And Plans

Tactical Goals apply to middle management and describe what major subunits must do to enable the organization to meet its strategic goals. Tactical Plans: Help execute major Strategic Plans. Cover a shorter period of time.
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  

Operational Goals And plans

Operational Goals: The specific results expected of small units, workgroups and individuals. Operational Plans: developed at the lower levels of an organization to specify actions required to achieve operational goals and to support tactical plans.

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Goal Characteristics
  

Be specific and measurable in quantitative terms. Be for a defined period of time. Contribute most to company performance.

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Types Of Plans

Single-use plans: These are developed to achieve objectives that are not likely to be repeated in the future. Single-use plans include programs, budgets and projects.

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Standing Plan
Standing

plans are used to provide guidance for tasks performed repeatedly within the organization.

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The Planning Process
Identification and formulation of objective

GOAL SET TIN G

Revision Of Goals And Plans

Choices between alternative plans

DEVELOP ING P LANS

IMPLEM ENT AT ION
Execution of the plan Gaurav Drall
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Successful Planning Process
 Everyone

Participates  Board and staff educated about planning  Board and staff explore new ideas  Necessary resources available

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Management By Objectives

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What Is An Objective?

“ Objectives are goals, aims or purposes that organization wish over varying time periods.”

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Management By Objectives (MBO)
A method whereby managers and employees define objectives for every department, project and person and use them to monitor subsequent performance.

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Essential Steps For MBO
Set Goals
-The most difficult step. -Specific target and time frame.

Develop Action Plan
-Course of action for both workgroup and individual.

Review Progress
-Periodic during the year.

Appraise Overall Performance
-How are we doing? -Do we need to restate our goals?
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-Take corrective action.

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Making MBO Process Effective
 It

must start at the top of the organization. must be educated about what MBO

 Employees

is.
 Managers

tell their subordinates what organizational goals and plans top management has established.
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 Goals

should be achievable within a specified period of time. management should specify the resources that the subordinate will need. employee should be rewarded on goal attainment.

 The

 The

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