1. Management By Objectives (MBO) © 2015 albert-learning.com MANAGEMENT BY OBJECTIVES (MBO)

2. Management By Objectives (MBO) © 2015 albert-learning.com Definitions Of Management By Objectives MBO According to John Humble, MBO is "a dynamic system which seeks to integrate the company's needs to clarify and achieve its profits and growth goals with the manager's need to contribute and develop himself. It is a demanding and rewarding style of managing a business."

3. Management By Objectives (MBO) © 2015 albert-learning.com Features Of Management By Objectives MBO :  Superior-subordinate participation  Joint goal-setting  Joint decision on methodology  Makes way to attain maximum result  Support from superior

4. Management By Objectives (MBO) © 2015 albert-learning.com

5. Management By Objectives (MBO) © 2015 albert-learning.com Steps In Management By Objectives Planning  Goal setting  Manager-Subordinate involvement  Matching goals and resources  Implementation of plan  Review and appraisal of performance

6. Management By Objectives (MBO) © 2015 albert-learning.com Advantages of Management By Objectives MBO  Develops result-oriented philosophy  Formulation of dearer goals  Facilitates objective appraisal  Raises employee morale  Facilitates effective planning  Acts as motivational force  Facilitates personal leadership  Facilitates effective control

7. Management By Objectives (MBO) © 2015 albert-learning.com Limitations of Management By Objectives MBO  Time-consuming  Reward-punishment approach  Increases paper-work  Creates organizational problems  Develops conflicting objectives  Problem of co-ordination  Lacks durability  Problems related to goal-setting

8. Management By Objectives (MBO) © 2015 albert-learning.com Essential Conditions for Successful Execution/Implementation of MBO Or...How To Make MBO Effective?  Support from all  Acceptance of MBO programme by managers  Training of managers  Organizational commitment  Allocation of adequate time and resources  Provision of uninterrupted information feedback

9. Management By Objectives (MBO) © 2015 albert-learning.com Reviewed By Reviewed On Comments / Changes Made Vidyesh08.09.2015N.A