Management by Objectives - 1215 Words

Management by Objectives Motivating employees seems to be a challenge for managers - Discuss the advantages and disadvantages of the MBO program and provide at least one example to support your discussion. Goal-Setting Theories have evolved since the 50s and have an impressive documented literature. The Goal-Setting Theory addresses the issues that goal specificity, challenge, and feedback have on performance (Robbins, 2009, p185). Setting goals and motivating employees are always an important issue for a manager, however in certain cases it is difficult to make it operational. A more systematic way to utilize goal setting is with the management by objectives program (MBO), which introduced the system of SMART method of goals that†¦show more content†¦As an example I could refer to the Texas state government, who initiated the management by objectives program in 1978 and ten years later analyzed the results (Lee, 1989, An Analysis of the Implementation and Effectiveness of Management by Objectives (MBO) in Texas State Government). As it was already mentioned beforehand this method has also its advantages and disadvantages, but let’s see which they were in this specific case. On the whole the analysis highlighted that there was a common agreement that the main elements of the MBO program are practiced at managerial levels. Managers pointed out that their units and divisions became goal and result oriented, the work objectives were clearly defined and were put in writing. There were sufficient checkpoints established and opportunities to meet with the superiors to reviewShow MoreRelatedManagement by Objectives1214 Words   |  5 PagesMANAGEMENT BY OBJECTIVES (MBO) is a practical application of the reasoning behind the notion of goal-setting theory. MBO is a process in which employees participate with management in the setting of goals or objectives. An essential feature of an MBO program is that it involves a one-on-one negotiation session between a supervisor and subordinate in order to set concrete, objective goals for the employee’s performance. During the session a deadline is set for the measurement of accomplishment, andRead MoreManagement B y Objectives (MBO) Essay972 Words   |  4 PagesI have selected the Management by Objectives (MBO) theory of management because this relates the most to my business ideas and current working environment. 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This management process was first introduced by Peter Drucker in his 1954 book â€Å"The Practice of Management† withRead MoreStrategic Management : Objectives And Objectives1343 Words   |  6 Pagesstrategic management defined in the text, and what are its four key attributes? Based on the text, â€Å"strategic management† is defined as the â€Å"analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages.† Strategic management possesses four key attributes which are: †¢ Recognizes trade-offs between efficiency and effectiveness †¢ Directs the organization toward overall goals and objectives †¢ Needs to incorporate short-term and long-term objectives †¢ IncludesRead MorePerformance Management Process And Employee Development2036 Words   |  9 Pagesperformance models of management by objectives. 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When I got into the process of assessing theRead MoreEssay on The Life of Peter Ferdinand Drucker2289 Words   |  10 PagesINTRODUCTION Background of Peter Drucker Peter Ferdinand Drucker is the real name for Peter Drucker and he was an Austrian-born American. He was known as a management consultant, educator and author that had contributed to the philosophy and practical foundations of the modern business organization. He was born on 19 November 1909 at Vienna, Austria. At that time, his mother was a medicine student while his father was a lawyer and high-civil servant. His mother is Caroline Bondi and his father