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Management by Objective is a management style or philosophy whereby the manager assigns a task (the objective) and gives the employee some freedom of how to achieve that objective. The manager must clearly define the task and specify any limitations such as a deadline, budget, etc. The manager would offer to provide any suggestions, directions or assistance needed by the employee and check on the progress periodically.
For example, a manager might ask an employee to cut the lawn around a building and have it done by a certain time. The employee could then decide whether he would cut the front first or the back first. He could decide what direction to go and if/when to take a lunch break, etc.
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What are the aims or objectives Physical resource management?
managing physical resource
What is management objectives?
Management by objectives refers to giving employees goals and managing those goals instead of micromanaging them. If you manage the goals, then you are able to meet your performance objectives.
What are the approaches to managing?
There are many approaches to corporate management including management by objectives. The management style chosen depends on how the executive management team chooses to meet their strategic objectives.
What roles does project integration management have in a project?
Effectively managing resource allocation to acheive the desired performance Managing stakeholders expectiations throughout the project Coordinating processes to the projects objectives can be met in an organized way
What role does project integration management have in a project?
Managing stakeholders' expectations throughout the project Coordinating processes so the project's objectives can be met in an organized way. Effectively managing resource allocation to achieve the desired performance
What are the three main objectives of a project?
The three main objectives of a project are to achieve specific goals, meet deadlines, and operate within budget constraints. These objectives ensure that the project delivers its intended outcomes effectively while managing resources efficiently. Balancing these objectives often requires careful planning and stakeholder communication to navigate potential trade-offs. Ultimately, successful project management hinges on aligning these three objectives to fulfill the project’s purpose.
Who does the managing director report too?
The managing director typically reports to the board of directors or the company's owner. This relationship ensures that the managing director aligns the company's operations with its strategic goals and objectives set by the board. In some organizations, they may also report to a CEO or other senior executives, depending on the company's structure.
Who Directs tactical actions to achieve the incident objectives?
The Incident Commander (IC) directs tactical actions to achieve incident objectives. This role is responsible for managing the incident response, making strategic decisions, and coordinating resources and personnel to effectively address the situation. The IC ensures that all actions align with the established incident objectives and safety protocols.
Explain COBIT and what is its purpose?
COBIT stands for Control Objectives for Information and Related Technologies. It is a framework created by ISACA for governance and management of IT processes within organizations. Its purpose is to help align IT with business objectives, establish effective controls, and provide a standardized approach for managing IT activities.
This component of performance-based services acquisition is important because this step establishes the strategy of managing the contract to achieve planned performance objectives?
Decide how to manage and measure performance
Who works under the managing director?
Under the managing director, various roles typically include department heads or managers, such as finance, marketing, operations, and human resources. These individuals oversee their respective teams and report directly to the managing director, ensuring alignment with the company's strategic objectives. Additionally, support staff and project managers may also work under the managing director, assisting in daily operations and project execution.
What is the responsibility of a mutual fund's management company?
The management company is responsible for selecting an investment portfolio that is consistent with the objectives of the fund as stated in its prospectus and managing the portfolio in the best interest of the shareholders.
