answersLogoWhite

0

Management objectives refer to setting goals. This is a process in which management and employees set objectives, understand, and agree on their role in meeting that objective.

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Management

What is the purpose of management by objectives?

simplify the jobs of middle management by providing them with predetermined goals and objectives.


What are advantages of management by objectives?

There are so many advantages of management by objective. This enhances efficiency in that management focuses on the objectives that have been set.


Explain the knowledge management concept and justify its usefulness in today's organisations?

Knowledge management concept is a multi-disciplined approach to achieve the objectives of an organization. The best use of knowledge is applied. It helps the organization to get a competitive advantage, helps in innovating and helps in overall improvement of the organization in this changing environment.


What is directing in management?

Directing management is when you lead your team by objectives. To be effective, you must measure their performance based on them meeting their objectives.


What is an example of a companies employing the management by objective concept?

One prominent example of a company employing the Management by Objectives (MBO) concept is Google. Google uses MBO to set specific, measurable goals for teams and individuals, aligning their objectives with the company's overall mission. This approach encourages employee engagement and accountability, as each team member can see how their contributions directly impact the company's success. By regularly reviewing and adjusting these objectives, Google fosters a dynamic environment focused on continuous improvement and innovation.

Related Questions

Objectives of management reporting?

objectives or purpose of management reporting


Discuss the four fundamentals management tasks in business namely planning organizing leadership and control?

Planning: refers to the setting of goals,objectives and strategies of a organization.


Narrate the objectives and elements of productions and operations management?

define the operational Management and objectives and importance of operational Management ?


What is the purpose of management by objectives?

simplify the jobs of middle management by providing them with predetermined goals and objectives.


Incident Action Plans IAPs depend on to accomplish response?

Management by objectives.


What are advantages of management by objectives?

There are so many advantages of management by objective. This enhances efficiency in that management focuses on the objectives that have been set.


What are the advantages of Management by Objectives?

There are so many advantages of management by objective. This enhances efficiency in that management focuses on the objectives that have been set.


Discuss the Concept of customer value and its importance to successful marketing?

discuss the concept of customer value and its importance to markeking


How does objectives of cash management differ from goals of cash of management?

A goal is to accomplish the objectives. They are co-dependent.


What are the approaches to corporate management?

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 are the objectives of receivables management?

as


Explain the knowledge management concept and justify its usefulness in today's organisations?

Knowledge management concept is a multi-disciplined approach to achieve the objectives of an organization. The best use of knowledge is applied. It helps the organization to get a competitive advantage, helps in innovating and helps in overall improvement of the organization in this changing environment.

Trending Questions
What are factors hindering successful project? What is the Disney's business mission statement? What is the significance of using a Kanban board in managing tasks within a software development project epic? What are some effective business alignment strategies that can help ensure that all departments and teams are working towards the same goals and objectives? Can a topic be put into the heading on a 2-page business letter? How can we effectively implement an agile build strategy in our project development process? What are some professional project management software programs? Imporance of team morale in project management? What iwhat is a common mistake that occurs when developing an Individual Development Plan (IDP)? How can we ensure that the process of creating a charter for our organization is inclusive and transparent? What is an activity-on-node diagram and how is it used in project management? How is six sigma defined? What are the key steps to successfully execute a practice project management initiative? What is the purpose for management team? How can agile principles be applied to effectively manage a robotics team? Crisis action planning procedures are employed when a contingency response is anticipated to be executed usually in less than months? What went well in the project? Where can one find business project management software? What leadership qualities is most necessary when seeking to collaborate with people who have different viewpoints than yours? Why is forecasting necessary in operations management?