Management by objectives

By Rahul DharMBA

Roll no. 20

MBO

references

Principles and Practices of Management {L.N.PRASAD} PNo 160-175

Essentials of Management {Harold Koontz Heinz Weihrich} (75-80),229,241,335.Web references

http://jobfunctions.bnet.com/HUMAN+RESOURCES/Organizational+Structure/Management+By+Objectives/

http://www.performancesolutionstech.com/FromMBOtoPM.pdf

Look at your GOALS,

Look at your PERFORMANCE,

See if your behavior matches your goals

THE ONE MINUTE MANAGER

(BLANCHARD & JOHNSON)

MBO___defined

“MBO can be defined as an approach which uses objectives as an 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”

BARRIERS IN OBTAINING ORGANIZATION GOALS

SPECIALISATION OF WORK MISDIRECTION OF EFFORT BY THE

BOSS HIERARCHIAL STRUCTURES OF

MANAGEMENT MISDIRECTION BY COMPENSATION

Approach to MBO by WEIHRICH

Relating the organization to its environment Strategic planning and the hierarchy of

objectives Setting objectives

Planning for action Implementation Control and appraisals Organization and management

development

KEY RESULT AREAS PROFITABILITY MARKET STANDING INNOVATION PRODUCTIVITY WORKER PERFORMANCE FINANCIAL AND PHYSICAL

RESOURCES MANAGERS PERFORMANCE AND

DEVELOPMENT PUBLIC RESPONSIBILITY

KRA

PERIODIC REVIEW SYSTEM

REVIEW THE PERFORMANCE VALIDITY OF OBJECTIVES IMPROVEMENT SELF APPRAISAL

PREREQUISITS FOR INSTALLING

mbo

TOP MANAGERIAL SUPPORT TRAINING FOR MBO PARTICIPATION FEEDBACK SYSTEM IMPLEMENTATION AT LOWER LEVELS MBO AND SALARY DECISSIONS CONFLICTING OBJECTIVES

MBO IN INDIA MADHURA COATS LTD. BHARAT BHIJLEE HINDUSTAN COPPER LTD DIRECTORATE OF INDUSTRIES AND

COMMERCE TAMIL NADU DAIRY DEVELOPMENT

CORPORATION OTHERS ARE BHEL, GRINDLAYS BANK,BLUE

STAR.SHAW WALLACE,GLAXO LTD.

MBO_IN_MADHURA_COATS_LTD

PHASE 1 KRA PHASE 2 KRA

PROFITABILITY MODERNISATION

COST REDUCTION QUALITY

FINANCIAL RESOURCES

MARKETING STRATEGY

EXPANSION LONG RAANGE PLANNING

MODERNISATION EXPANSION

CONCLUSION