PowerPoint Presentation

Management by Objectives

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138294595549170163153117109108199195189Process of defining objectives within an organizationSystematic and organized approachAllows management to focus on achievable goalsAllows management to attain the best possible results from available resourcesKey features: Goal settingChoosing course of actionDecision makingAim: to increase organizational performance by aligning goals and subordinate objectives throughout the organizationEmployees more likely to fulfill their responsibilities when they are actively involved in defining objectivesIncentives linked with results12/23/2015The MBO Concept

138294595549170163153117109108199195189

13829459554917016315311710910819919518912/23/2015MBO Pyramid

138294595549170163153117109108199195189

138294595549170163153117109108199195189Start periodReview and define objectivesSet employee objectivesMonitor progressEvaluate performanceReward employees12/23/2015MBO Cycle

138294595549170163153117109108199195189

13829459554917016315311710910819919518912/23/2015Objective Criteria

138294595549170163153117109108199195189

138294595549170163153117109108199195189Is it specific? Does it clearly talk about one thing, and both the staff member and the supervisor know exactly what output they are talking about.Is it measurable? Can the output be quantified?Is it appropriate? Does the staff member have the power to accomplish the task? Will it work? Is it realistic? Based upon experience and data, can the output be achieved in the allotted time with a given amount of resources?Is it time-bound? Is a specific, reasonable amount of time specified to accomplish each objective?

12/23/2015Types of Objectives

138294595549170163153117109108199195189

138294595549170163153117109108199195189