Mission and Objectives

Anjali

Principles & Practice of management

©chintech

Anjali Principles & Practice of management ©chintech .Mission The organisation's purpose or fundamental reason for existence.

Mission statements Customer oriented Future-oriented Dynamic Anjali Principles & Practice of management ©chintech .

Philosophy 2.Formulation of Mission 1.Vision Organisation mission Anjali Principles & Practice of management ©chintech .

the purpose of the activities and the way these should be. Anjali Principles & Practice of management ©chintech .Philosophy It consists of an integrated set of assumptions and beliefs about the way the things are. These assumptions and beliefs of those who create an orgn and those who manage it becomes the base for defining vision of the orgn.

The orgn should create projections about where it should go and what major changes lie ahead. Vision represents what the orgn and its members can be in the future. Anjali Principles & Practice of management ©chintech .Vision It is derived from orgn philosophy.

µ Anjali Principles & Practice of management ©chintech . aims or purposes that organisations wish over varying periods of time.Objectives Definition:´Objectives are goals.

Should be rational and realistic. Should be periodically reviewed. Should be consistent with orgn mission.  Anjali Principles & Practice of management ©chintech .Guidelines for objective setting Should be clearly specified. Should be set taking into account the various factors affecting their achievements.

Management by Objectives Definition :´MBO is a comprehensive managerial system that integrates many key managerial activities in a systematic manner.µ Anjali Principles & Practice of management ©chintech . consciously directed towars the effective and efficient achievement of orgnal objectives.

Process of MBO Setting of Organisational Purpose and Objectives Key Result Areas Setting Subordinates Objectives Matching Resources with Objectives Appraisal Recycling Anjali Principles & Practice of management ©chintech .

Benefits of MBO Clarity in Organisational Action Personnel Satisfaction Better Managing Basis for Organisational Change Anjali Principles & Practice of management ©chintech .

Limitations of MBO Time and Cost Failure to Teach MBO Philosophy Problems in Objective Setting Emphasis on Short-term Objectives Inflexibility Frustration Anjali Principles & Practice of management ©chintech .

Pre-requisites Purpose of MBO Top Management Support Training for MBO Participation Feedback for Self-direction and Self-control Anjali Principles & Practice of management ©chintech .

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