Management by Objectives
Management by Objectives
Understand the essentials of management by objectives (also known as MBO and management by results) in just 50 minutes with this practical and concise book. MBO is a model which is used in the business world in order to set precise objectives. For examples, managers can establish objectives for upcoming tasks, while employees can set themselves performance goals. This management technique is so effective because it gives managers a framework to negotiate with employees and encourages workers to meet more ambitious targets than they would have otherwise aimed for.
This book will provide you with a handy introduction to management by objectives and will enable you to turn collective objectives into specific goals through four main ingredients: validation, decision-making, time frames and feedback. As well as learning to increase the clarity of your business with targeted objectives, you will consider real-life case studies, find out about the tool’s shortcomings, including its inability to forecast the evolution of working environments, and learn about related models, such as SMART objectives.
About management by objectives
The concept of MOB first appeared in the 1950s in the USA as a response to economic growth. It is a process where a company’s employees define objectives and set themselves appropriate deadlines to reach them. It can be implemented by all of those in a management position in order to improve productivity within their organization.
In this book, you will discover how management by objectives can improve productivity in a business, learn the best version of the method to apply in your own company, and use your results to bring a sense of clarity to your whole organization. A clear explanation of the benefits and potential drawbacks of the method, a discussion of a practical case study, and an introduction to related models will give you the tools you need to tailor your approach to your situation.
This straightforward and accessible 29-page book is structured as follows:
- Introduction to management by objectives
- Who uses it?
- Which version to use?
- Is this system really effective?
- The role of employees in MBO
- Limitations and extensions of management by objectives
- Limits and criticisms of the model
- Extensions and similar models
- Practical application of management by objectives
- Case study
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