Managment By Objetives

MBO (Managment by objectives)

Managment by objectives (MOB) is a process of defining objectives within an organization so that managment and employees agree to the objectives and understand what they are in the organization.

The term “Managment by objectives” was first popularized by Peter Drucker in his 1954 book “The Practice of Managment”.

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 standard s set. Ieally, when employees themselves have been involved with the goal setting and chossing the course of action to be followed by them, they are more likely to fulfill their responsabilities.

Motivation.

Better comunication and coordination.

Clarity of goals. Preguntar las dudas.

Subordinates tend to have a higher commitment to objetives they set themselves than those imposed on them by another person.

Managers can ensure thet objectives of the subordinates are linked to the organization´s objectives.

SHOULD BE & SHOULD DO.

SHOULD BE- CONDUCTA, ACTITUD, FILOSOFIA, VALORES.

SHOULD DO- ESPECIFICAR EL COMO.

SMART objectives:

ESPECIFIC

MEASURABLE

ACHIEVABLE

REALISTIC

TIME-BASED

ESPECIFIC:

Everyone who´s involved knows that it includes them specifically.

Everyone involved can understand it.

Your objective is fre from jargon.

You´ve defined all your terms.

You´ve used only appriopriate language.

MOB IS A FIVE-PART PROCESS:

RECOGNITION OF COMPANY VALUES AND DEPARTMENT POLICIES IN DEVISING POLICY

ESTABLISHMENT OF LONG TERM OBJECTIVES (BROAD ACHIEVEMENT THAT THE OVERALL MBO SYSTEM IS TO REACH)

ESTABLISHMENT OF SHORT TERM OBJECTIVES (ACHIEVEMENTS TO BE ACCOMPLISHED WITHIN A SPECIFIED TIME)

DEVELOPMENT AND IMPLEMENTATION OF PROJECTS (SEQUENTIAL STEPS USED TO REACH EACH OBJECTIVE)

EVALUATION OF PROJECTS, OBJECTIVES, AND GOALS (DETERMINATION OF HOW WELL PREDETERMINED

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