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Q: Explain how you would assess workflow and progress against agreed objectives and timelines?
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Continue Learning about Management

Explain how organisational structure supports business aims and objectives?

they help with it


Explain the reasons for reviewing progress regularly against the development plan?

To identify areas of weaknesses


Explain about the Program management?

Program Management is the process of providing execution certainty to meet the strategic business objectives of an owner.


Objectives of capital management and comflicts that may arise between them?

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Define management by objective mbo and also explain its functions?

An effective planning tool to help the supervisor set objectives is Management by Objectives (MBO). MBO gained recognition in 1954 with the publication of Peter Drucker's book The Practice of Management. MBO is a collaborative process whereby the manager and each subordinate jointly determine objectives for that subordinate. To be successful MBO programs should include commitment and participation in the MBO process at all levels, from top management to the lowest position in the organization. MBO begins when the supervisor explains the goals for the department in a meeting. The subordinate takes the goals and proposes objectives for his or her particular job. The supervisor meets with the subordinate to approve and, if necessary, modify the individual objectives. Modification of the individual's objectives is accomplished through negotiation since the supervisor has resources to help the subordinate commit to the achievement of the objective. Thus, a set of verifiable objectives for each individual are jointly determined, prioritized, and formalized. The supervisor and the subordinate meet periodically to review the latter's progress. Communication is the key factor in determining MBO's success or failure. The supervisor gives feedback and may authorize modifications to the objectives or their timetables as circumstances dictate. Finally, the employee's performance is measured against his or her objectives, and he or she is rewarded accordingly. Hence, some of the key features of MBO are : Ø Emphasis on results rather than activities Ø Objectives for specific managerial positions. Ø Participatory or joint objective setting. Ø Identification of key result areas. Ø Establishment of Periodic Review System.

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The mission statement should encapsulate the mission of the company. It should be a short concise paragraph that sums up the aims of the business. A motto that the staff can follow and something to benchmark your progress against. Strategies and objectives should be left for more in-depth discussion in dedicated sections of the business plan.


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these are the goals of the business.they are the outcome or targets that the business wants to gain in order to achieve its aims. the objectives of a business can be derived from its aims.