Mbo by managment by objective
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Management by Objectives (MBO) is a system where performance objectives are collaboratively set by employees and their supervisors to motivate and achieve organizational goals. It emphasizes the importance of translating overall objectives into specific, achievable goals for individuals and teams, with mechanisms for feedback and performance assessment. Key elements of MBO include goal specificity, participative decision-making, and linking rewards to goal attainment.
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Mbo by managment by objective
- 1. MBOMBO Management by ObjectivesManagement by Objectives
- 2. For achieving organizational goals - organizations areFor achieving organizational goals - organizations are helping the employees to set performance objectivehelping the employees to set performance objective MBO motivates employeesMBO motivates employees Emphasis on converting overall objectives into specificEmphasis on converting overall objectives into specific objectives for organizational units and individual membersobjectives for organizational units and individual members
- 3. MBO makes objectives operational by a process inMBO makes objectives operational by a process in which they cascade down through the organizationwhich they cascade down through the organization Organizational overall objectives are translated toOrganizational overall objectives are translated to specific objectivesspecific objectives DivisionalDivisional DepartmentalDepartmental IndividualIndividual Organization
- 4. MBO worksMBO works Toplevel Bottom Level
- 5. What are the common elements in anWhat are the common elements in an MBO Program ?MBO Program ? Goal specificityGoal specificity ParticipativeParticipative Decision MakingDecision Making Time periodTime period Performance feedbackPerformance feedback
- 6. What is MBO ?What is MBO ? A system in which specific performance objectives areA system in which specific performance objectives are jointly determined by subordinates and theirjointly determined by subordinates and their supervisors, progress towards objectives is periodicallysupervisors, progress towards objectives is periodically reviewed, and rewards are allocated on the basis ofreviewed, and rewards are allocated on the basis of that progressthat progress E.g. Reduce Cost , Improve QualityE.g. Reduce Cost , Improve Quality Manager and employee jointly choose the goals andManager and employee jointly choose the goals and agree on how they be achievedagree on how they be achieved
- 7. MBO - Continuous feedback on performance andMBO - Continuous feedback on performance and goalsgoals Individual feedback – monitor and correct their ownIndividual feedback – monitor and correct their own actionsactions
- 8. Assessing MBO is complex tasksAssessing MBO is complex tasks Difficult Goals & Easy goalsDifficult Goals & Easy goals Feedback lets a person know whether his or her levelFeedback lets a person know whether his or her level of effort is sufficient or needs to be increased .of effort is sufficient or needs to be increased .
- 9. Setting Employees ObjectivesSetting Employees Objectives Identify an Employee’s key job tasksIdentify an Employee’s key job tasks Establish specific and challenging goals for each keyEstablish specific and challenging goals for each key tasktask Allow the employee to actively participateAllow the employee to actively participate Prioritize goalsPrioritize goals Build in feedbacks mechanisms to assess goal progressBuild in feedbacks mechanisms to assess goal progress Link rewards to goals attainmentLink rewards to goals attainment
- 10. Setting Employees ObjectivesSetting Employees Objectives Identify an Employee’s key job tasksIdentify an Employee’s key job tasks Establish specific and challenging goals for each keyEstablish specific and challenging goals for each key tasktask Allow the employee to actively participateAllow the employee to actively participate Prioritize goalsPrioritize goals Build in feedbacks mechanisms to assess goal progressBuild in feedbacks mechanisms to assess goal progress Link rewards to goals attainmentLink rewards to goals attainment