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  • Management by Objective (MBO)

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    Likitha Reddy
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    MBO is a management method where managers and employees define objectives for departments, projects, and individuals to monitor performance. Developed by Peter Drucker, MBO focuses on achieving objectives, employee satisfaction, and better resource utilization. It involves setting goals, developing action plans, periodically reviewing progress, and appraising overall performance to help organizations mesh functions and maintain hierarchy pressure while emphasizing results and teamwork.

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    MBO

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    MBO is a management method where managers and employees define objectives for departments, projects, and individuals to monitor performance. Developed by Peter Drucker, MBO focuses on achieving objectives, employee satisfaction, and better resource utilization. It involves setting goals, developing action plans, periodically reviewing progress, and appraising overall performance to help organizations mesh functions and maintain hierarchy pressure while emphasizing results and teamwork.

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    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    12 views6 pages

    Management by Objective (MBO)

    Uploaded by

    Likitha Reddy
    MBO is a management method where managers and employees define objectives for departments, projects, and individuals to monitor performance. Developed by Peter Drucker, MBO focuses on achieving objectives, employee satisfaction, and better resource utilization. It involves setting goals, developing action plans, periodically reviewing progress, and appraising overall performance to help organizations mesh functions and maintain hierarchy pressure while emphasizing results and teamwork.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    Management By Objective (MBO)

    MBO focuses on 3 things


    Achievement of objectives Employee satisfaction Better utilization of resources

    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. This method was developed by Peter Drucker

    Essential Steps for MBO

    Set Goals

    The most difficult step. For both workgroups and individuals.

    Develop Action Plan

    Review Progress

    Periodic during the year.


    Review Annual Goals.

    Appraise Overall Performance.

    Key Assumptions

    Individual has greater part in ones own work decision and purposes. It is an excellent way of managing. It applies to all the managers and functional organisations

    Need for MBO

    Helps to mesh together the various functions for the achievement organizational goal. Helps greater objectivity with its emphasis on results. Maintains pressure of hierarchy More emphasis on teamwork

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