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What is the differenece between stated and real objectives for an orhanization?
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What is the function in project management?
To achieve the project's stated objectives within the resource limitations given.
What statements about company objectives is true?
Which of the following statements about company objectives is true?A. Company objectives should be stated in vague terms to provide flexibility to lower-level managers.B. Company objectives should be set by top management with no input from marketing managers.C. A good mission statement can substitute for more specific company objectives.D. Company objectives should be compatible with each other.E. All of these statements about company objectives are true.
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.
What are the principle of organizing of management?
A sound organizing can be stated by keeping in view some basic principles. The major principles of organizing are : 1) Unity of objectives: there must be a common goal goal in an organization. and every employee should contribute their effort to achieve that goal. 2) Specialization: work should be assigned to employee on the basis of their skill and experience. 3) Coordination: coordination integrates efforts of all members to meet common goals. 4) Authority and responsibility: there must be balance between authority and responsibility in an organization. 5) Unity of command: a subordinate must receive instruction only from one superior at a time.
Explain the concept of mbo describe its key features and critically analyze the extent of feasibility and unfulness of mbo in the present day business scenario?
Management by objectives (MBO) is a process of defining objectives within an organization so that management and employees agree to the objectives and understand what they need to do in the organization.The term "management by objectives" was first popularized by Peter Drucker in his 1954 book 'The Practice of Management'.[1]The essence of MBO is participative goal setting, choosing course of actions and decision making. An important part of the MBO is the measurement and the comparison of the employee's actual performance with the standards set. Ideally, when employees themselves have been involved with the goal setting and choosing the course of action to be followed by them, they are more likely to fulfill their responsibilities.According to George S. Odiorne, the system of management by objectives can be described as a process whereby the superior and suborization jointly identify its common goals, define each individual's major areas of responsibility in terms of the results expected of him, and use these measures as guides for operating the unit and assessing the contribution of each of its members.[2]Features and advantagesUnique features and advantages of the MBO processThe principle behind Management by Objectives (MBO) is for employees to have a clear understanding of the roles and responsibilities expected of them. They can then understand how their activities relate to the achievement of the organization's goal. MBO also places importance on fulfilling the personal goals of each employee. Some of the important features and advantages of MBO are:Motivation - Involving employees in the whole process of goal setting and increasing employee empowerment. This increases employee job satisfaction and commitment.Better communication and Coordination - Frequent reviews and interactions between superiors and subordinates helps to maintain harmonious relationships within the organization and also to solve many problems.Clarity of goalsSubordinates tend to have a higher commitment to objectives they set for themselves than those imposed on them by another person.Managers can ensure that objectives of the subordinates are linked to the organization's objectives. Domains and levelsObjectives can be set in all domains of activities (production, marketing, services, sales, R&D, human resources, finance, information systems etc.). Some objectives are collective, for a whole department or the whole company, others can be individualized.PracticeObjectives need quantifying and monitoring. Reliable management information systems are needed to establish relevant objectives and monitor their "reach ratio" in an objective way. Pay incentives (bonuses) are often linked to results in reaching the objectives. LimitationsThere are several limitations to the assumptive base underlying the impact of managing by objectives, including: 1. It over-emphasizes the setting of goals over the working of a plan as a driver of outcomes.2. It underemphasizes the importance of the environment or context in which the goals are set. That context includes everything from the availability and quality of resources, to relative buy-in by leadership and stake-holders. As an example of the influence of management buy-in as a contextual influencer, in a 1991 comprehensive review of thirty years of research on the impact of Management by Objectives, Robert Rodgers and John Hunter concluded that companies whose CEOs demonstrated high commitment to MBO showed, on average, a 56% gain in productivity. Companies with CEOs who showed low commitment only saw a 6% gain in productivity.3. Companies evaluated their employees by comparing them with the "ideal" employee. Trait appraisal only looks at what employees should be, not at what they should do.When this approach is not properly set, agreed and managed by organizations, self-centered employees might be prone to distort results, falsely representing achievement of targets that were set in a short-term, narrow fashion. In this case, managing by objectives would be counterproductive.The use of MBO must be carefully aligned with the culture of the organization. While MBO is not as fashionable as it was before, it still has its place in management today. The key difference is that rather than 'set' objectives from a cascade process, objectives are discussed and agreed upon. Employees are often involved in this process, which can be advantageous.A saying around MBO - "What gets measured gets done", 'Why measure performance? Different purposes require different measures' - is perhaps the most famous aphorism of performance measurement; therefore, to avoid potential problems SMART and SMARTER objectives need to be agreed upon in the true sense rather than set.Arguments againstMBO has its detractors, notably among them W. Edwards Deming, who argued that a lack of understanding of systems commonly results in the misapplication of objectives.[3] Additionally, Deming stated that setting production targets will encourage resources to meet those targets through whatever means necessary, which usually results in poor quality.[4] Point 7 of Deming's key principles encourages managers to abandon objectives in favour of leadership because he felt that a leader with an understanding of systems was more likely to guide workers to an appropriate solution than the incentive of an objective. Deming also pointed out that Drucker warned managers that a systemic view was required [5] and felt that Drucker's warning went largely unheeded by the practitioners of MBO.
What is the function in project management?
To achieve the project's stated objectives within the resource limitations given.
How are the relations between quantities be stated?
The relations between quantities are stated by multiplicative relationship between the quantities.
What are the objectives of an environmental audit?
the objectives of an env audit is to ensure that there are minimal environmental impacts on the environment,also to ensure that a company or organisation complies with stated environmental laws and regulationns,and to ensure that resources are well utilized
Differences between educational and instructional objectives?
Instructional objectives are stated in terms of teacher’s behaviour. These objectives guide teachers to help his/her students to achieve the specific kind of behaviour the students should exhibit. A behavioural objective is stated in terms of student’s behaviour to achieve desired behaviour. Instructional objectives focus teaching on relatively narrow topics of learning in a content area. These concrete objectives are used in planning daily lessons. Behavioural objective is a clear and unambiguous description of your educational expectations for students. Behavioral or performance objectives are stated in terms of an observable behaviour that a student will perform after having completed the learning activity. Instructional objectives are less abstract, more specific and are behavioral in nature. Behavoura objectives are heavily depends on the purpose(s) of objectives. Different teachers adopt different way to write behavioural /performance objectives. Instructional objectives are specific statements of intermediate learning outcomes necessary for acquiring a terminal behavioural objective, expressed from the learner’s point of view and written in behavioural terms. Behavioral objectives can be written for any of the domains of instruction (i.e., cognitive, affective, or psychomotor.) Instructional objectives can be thought of as intermediate behaviors to be acquired during the instructional period but not the final behavior toward which the learning is being oriented. They are intermediate in that they occur between the initiation of instruction and the learner’s arrival at the desired terminal behavior. When written in behavioural terms, an objective will include three components: student behaviour, conditions of performance, and performance criteria. The behavioural /performance objectives are purposely written in a form that translates long term aims and goals into daily or short term actions.
What statements about company objectives is true?
Which of the following statements about company objectives is true?A. Company objectives should be stated in vague terms to provide flexibility to lower-level managers.B. Company objectives should be set by top management with no input from marketing managers.C. A good mission statement can substitute for more specific company objectives.D. Company objectives should be compatible with each other.E. All of these statements about company objectives are true.
What is the difference between explicit and implicit?
explicit is clearly stated and implicit is not clearly stated
What is intended curriculum?
It refers to a set of objectives set at the beginning of any curricular plan. It establishes the goal, the specific purposes and the immediate objectives to be accomplished. The intended curriculum answers what the curriculum maker wants to do. There are certain indicators to measure intended curriculum. Among the indicators are stated questions which can be answered. Examples of the questions are the following:Are the objectives achievable within the learners' development levels?Can the objectives be accomplished within the time frame?Are the resources adequate to accomplish the objectives?Are the objectives specific and clear?Are there ways of measuring the outcomes of the objectives?Are the objectives observable?Are the objectives doable?Are the objectives relevant?Overall, are the objectives SMART?I leanred this information from my curriculum development class. Thank you and God bless you so much.
Who first stated the relationship between buoyant force and weight?
The relationship between buoyant force and weight was first stated by Archimedes.
What is the difference between stated and implied text?
A stated main idea is clearly stated but an implied main idea is left for you to interpret.
What is Lesson overview?
This is an educational process by which a teacher looks over a lesson or lesson plan prior to teaching it to the class. There is often a goal that is stated, followed by objectives.
Which scientist first stated the relationship between buoyant force and weight of a displaced fluid?
Archimedes first stated the relationship between buoyant force and weight of a displaced fluid.
How do youwrite career objectives in resume?
Somewhere in your application an employer is looking for you to express your career aspirations. It may be stated in your cover letter or it could head up your resume document.resume
