MBO by Nitika Arora
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Transcript of MBO by Nitika Arora
Management by objectives
- MBO
This topic would be discussed upon by :
Name : Nitika AroraRoll No. : 16
MBA Ist Semester
BibliographyBibliography
Principles and Practices of Management{T.N.CHHABRA} PNo 201-211
Essentials of Management {Harold Koontz Heinz Weihrich} (75-80),229,241,335.Web referenceshttp://jobfunctions.bnet.com/HUMAN+RESOURCES/Organizational+Structure/Management+By+Objectives/http://www.performancesolutionstech.com/FromMBOtoPM.pdf
THE ONE MINUTE THE ONE MINUTE MANAGERMANAGER(BLANCHARD & JOHNSON) (BLANCHARD & JOHNSON)
Look at your GOALS,
Look at your PERFORMANCE,
See if your behavior MATCHES your goals
MBO - MBO - Definition Definition “MBO can be defined as an approach
which uses objectives as a focal point to improve managerial performance and managerial effectiveness, both at the individual level and organizational level. These objectives serve to guide,
direct, review and measure performance”
Features of Features of MBOMBO
Operational TechniqueComprehensive TechniqueParticipative ManagementResult OrientedSystems ApproachConcentration on Key Result
Areas
Profitability, Market Standing, Innovation, Production, Worker Performance, Financial and Physical resources, Manager’s performance and
development, Public responsibility
Key Result AreasKey Result Areas
Steps in Steps in MBOMBO Setting of Organizational Objectives Formulation of Departmental Objectives Establishing Goals of Subordinates Establishing Key Result Areas Follow-up and Periodic Review of
Progress Appraisal of Performance and Counseling
Advantages Of Advantages Of MBOMBO Unity of Planning Organizational Control Human Motivation High Productivity Coordination of Efforts and Resources Locating Problem Areas Decentralization of Authority Analyzing training needs and Opportunities of
growth Sense of Identification
Limitations Of MBOLimitations Of MBO
Difficulty in setting Quantitative Targets Emphasis of Short-term Goals Resistance to Change Lack of Training Lack of Follow-up Rigidity Limited Application Costly Process
MBO In India Madhura Coats Ltd. Bharat Bhijlee Hindustan Copper Ltd. Directorate of Industries and Commerce Tamil Nadu Dairy Development
Corporation
OTHERS ARE :- Bhel, Grind lays Bank, Blue Star. Shaw
Wallace, Glaxo Ltd.
MBO in India MBO in India – – Madhura Coats Ltd.Madhura Coats Ltd.
PHASE 1 KRA PHASE 2 KRA
PROFITABILITY MODERNISATION
COST REDUCTION QUALITY
FINANCIAL RESOURCES
MARKETING STRATEGY
EXPANSION LONG RANGE PLANNING
MODERNISATION EXPANSION
ConclusionConclusionEvery rational human activity must
have certain clear-cut objectivesobjectives or goals. These objectives will check the members of the organization from deviating from the route they have set for themselves. To ensure this or implement this, MBOMBO is put into practice.
THANK YOU!!!!!
QUERIES IF ANY, ARE INVITED.