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.
define hrm briefly explain various functions of hr
Sales management is the practical application of sales techniques. Functions are like product sales where a sales person walks round selling products.
management is an action in every one's life. without management one cannot attain goals in the life. desire, plan, organize, apply & evaluate to have a good manager.
The purpose of the Risk Management Plan is to define how risks will be managed, monitored and controlled throughout the project.
It is the functions which describe a managerial job and when put together, make up the management process. This process includes planning, organizing, staffing, directing and controlling.
define hrm briefly explain various functions of hr
human resource management is the term used to describe formal system devised for the management of people within an organization. its functions are planning, staffing, directing, controlling and organising.
Sales management is the practical application of sales techniques. Functions are like product sales where a sales person walks round selling products.
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5 importance of agricuture
management is an action in every one's life. without management one cannot attain goals in the life. desire, plan, organize, apply & evaluate to have a good manager.
The purpose of the Risk Management Plan is to define how risks will be managed, monitored and controlled throughout the project.
Hi guys. Could any one help me out with this question: management is a function of science or technology: explain
The goal of a statement of purpose is to provide a clear and compelling overview of your academic and professional background, career aspirations, and reasons for applying to a particular program. It should demonstrate your commitment, passion, and suitability for the program you are applying to, and showcase your unique qualifications and experiences.
Information technology is a study of communication which provide and support to put data of any organisation in system which is monetored by management. And its' objective is to define and support technology standards.
How do you define placement management?"
It is the functions which describe a managerial job and when put together, make up the management process. This process includes planning, organizing, staffing, directing and controlling.