Final MBO - College
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Transcript of Final MBO - College
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PERFORMANCE APPRAISAL &MANAGEMENT BY OBJECTIVE
SACHIN : 49EVAN : 32AMOL : 52NITIN : 46
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PERFORMANCE
APPRAISAL
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INTRODUCTION
f Performance appraisal is the assessment of individual's
performance in a systematic way.
f Parent evaluate their children, teachers evaluate their
students, and employers evaluate their employee.
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OBJECTIVE
f S alary increase
f Promotions
f Training and D evelopment
f Feedback
f Pressure on employee
f
Evaluation of HR Programsf Improve communication
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TECHNIQUES / METHODS OFPERFORMANCE APPRAISAL
A) Past O riented Methods
i) Ranking methods
ii) Checklist method
iii) Forced choice method
iv) Forced D istribution method
v) Essay & Grading method
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TECHNIQUES / METHODS OFPERFORMANCE APPRAISAL
B ) Future O riented Methods
i ) 360 Appraisal / Feedback
ii) A ssessment Centers
iii ) MB O
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PROCESSSetting Performance
Standards
CommunicatingStandards
Measuring Standards
Comparing withstandards
Discuss Results
Taking Actions
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MANAGEMENT BY OBJECTIVE
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INTRODUCTION- MBO
Management by Objectives was introduced byPeter Drucker in the 1950s and written about inhis 1954 book, The Practice of Management .
P ETE R F D RUCK ER
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MEANING
f Management by objectives (MBO) is a systematic andorganized approach that allows management to focus onachievable goals and to attain the best possible results fromavailable resources.
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PRINCIPLES OF MBO
f O rganizational goals and objectives
f S pecific objectives for each member
f Participative decision making
f Explicit time period
f Performance evaluation
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GOALS ARE SMART- MBO
Management by O bjectives is a management strategythat uses the S .M.A .R.T.
f Sfor
Specific
f M for Measurablef A for Achievablef R for Realisticf
T for T ime-based
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PROCESS OF MBO
MBO
1
SettingGoals
2ParticipativedecisionMaking
3Implementing
Plans
4Performance
Feedback
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ADVANTAGES-MBO
f Improves employee motivation
f Improves communication
f Improves overall performance and efficiency
f Highlights training needs required to achieve objectives
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DISADVANTAGE/LIMITATIONS-MBO
f Goal-setting Problems
f T ime Consuming
f Increased Paperwork
f Participation Problem
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W HEREW E CAN USE MBO
f MB O could be suitable for a medium to largebusiness, using a democratic approach tomanagement and operating in a stable market
f When staff is competent
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CASE STUDY
X erox Corporation
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TYPE : PUBLIC -USA
INDUSTRY : DOCUMENT SERVICES: DIGITAL IMAGING: COMPUTER PARTS
PRODUCTS : PRINTERS: COPIERS: SCANNERS
: FAXES
EMPLOYEES : 130,000(2010)
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