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Mbo Assignment

Management by objectives (MBO) is a systematic approach where management focuses on achievable goals using available resources. The five steps of MBO include reviewing organizational objectives, setting employee objectives for the next operating period, monitoring progress, rewarding achievement, and evaluating performance. MBO emphasizes achieving organizational goals but developing objectives can be time consuming for both managers and employees. MBO is appropriate for knowledge-based enterprises when employees are competent and the goal is to build self-leadership skills and initiative.

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Jahanzaib Farooqi
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446 views4 pages

Mbo Assignment

Management by objectives (MBO) is a systematic approach where management focuses on achievable goals using available resources. The five steps of MBO include reviewing organizational objectives, setting employee objectives for the next operating period, monitoring progress, rewarding achievement, and evaluating performance. MBO emphasizes achieving organizational goals but developing objectives can be time consuming for both managers and employees. MBO is appropriate for knowledge-based enterprises when employees are competent and the goal is to build self-leadership skills and initiative.

Uploaded by

Jahanzaib Farooqi
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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MBO

Management by objectives (MBO) is a systematic and organized


approach that allows management to focus on achievable goals and to
attain the best possible results from available resources.
FIVE STAPS OF MBO

Organizational Objectives Reviewed

MBO for the Next Employee


Operating Period Begin Objectives Set

Achiever Progress
Rewarded Monitored

Performance Evaluated
MBO ADVANTAGES

MBO programs continually emphasize what should be


done in an organization to achieve organizational goals.

MBO DISADVANTAGES

The development of objectives can be time consuming,


leaving both managers and employees less time in
which to do their actual work.
WHERE TO USE MBO

The MBO style is appropriate for knowledge-based enterprises when


your staff is competent. It is appropriate in situations where you wish to
build employees' management and self-leadership skills and tap their
entrepreneurial creativity, tacit knowledge and initiative.

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