Assignment
1. Management by Objectives (MBO)
Management by objectives (MBO) is the appraisal method where managers and workers together
distinguish, plan, sort out, and communicate objectives to concentrate on during a particular appraisal
period. In the wake of defining clear objectives, manager and subordinates intermittently discuss about
the advancement made to control and debate on the feasibility of accomplishing those set goals. This
performance appraisal method is used to see if the set objective is specific, measurable, achievable,
realistic, and time-sensitive. At the end of the period (quarterly, half-yearly, or annual), workers are judged
by their performance. Achievement is compensated with advancement and a pay hike while failure is
managed transfer or further preparing. This procedure for the most part lays more weight on substantial
objectives and impalpable viewpoints like relational abilities, responsibility, and so forth are regularly
brushed under the floor covering.
Ideal for:
Estimating the quantitative and qualitative output of senior administration like supervisors, chiefs, and
official (business of any size)
Common reason for failure:
Incomplete MBO program, insufficient corporate destinations, absence of top administration
Advantages
1.Management by objectives (MBO) is a result-oriented process
2.highlights the area in which the employees need further training, leading to career
development.
3.It improves communication between management and subordinates.
Disadvantages
1.MBO can only succeed if it has the complete support of the top management.
2. It take too much time and heavy burden to the manager
3. Group goal achievement is more difficult.
