Management by Objectives_RAHULDHAR
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Transcript of Management by Objectives_RAHULDHAR
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