A Presentation On Management By Objectives

A Presentation On Management By Objectives

Gaurav Drall

From: Gaurav Drall Roll No. 05

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PLANNING HOW TO BEST MEET YOUR MISSION

We must plan for the future, because people who stay in the present will remain in the past. Abraham Lincoln Gaurav Drall

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What Is Planning  Planning

is a search problem that requires to find an efficient sequence of actions that transforms a system from a given starting state to the goal state.  Planning is the starting point of management process.  Predetermines what the business proposes to accomplish and how it intends realizing its goals.

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Proper planning accomplishes the following 1.

Managing Uncertainty

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Better Focus

5.

Improves Coordination

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Basis For Control

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Improves Effectiveness Gaurav Drall

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Organizational Mission  The

mission states the organization’s values and reason for existence.

 The

mission statement is the basis for all following goals and plans.

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Goals And Plans Goals: Specify future ends.

Plans: Specify the means to future ends. “ The blueprint for goal achievement…. Specifies the resource allocation, Schedules, tasks….” Gaurav Drall

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Strategic Goals And Plans 

Strategic Goals pertain to the entire organization.



Strategic Plans define the action steps the company will use to attain strategic goals.

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Tactical Goals And Plans 

Tactical Goals apply to middle management and describe what major subunits must do to enable the organization to meet its strategic goals.

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Tactical Plans: Help execute major Strategic Plans. Cover a shorter period of time.

 

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Operational Goals And plans 



Operational Goals: The specific results expected of small units, workgroups and individuals. Operational Plans: developed at the lower levels of an organization to specify actions required to achieve operational goals and to support tactical plans.

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Goal Characteristics 

Be specific and measurable in quantitative terms.



Be for a defined period of time.

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Contribute most to company performance.

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Types Of Plans 

Single-use plans: These are developed to achieve objectives that are not likely to be repeated in the future. Single-use plans include programs, budgets and projects.

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Standing Plan Standing

plans are used to provide guidance for tasks performed repeatedly within the organization.

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The Planning Process GOAL SET TIN G

Identification and formulation of objective

Revision Of Goals And Plans

DEVELOP ING P LANS

Choices between alternative plans

IMPLEM ENT AT ION Execution of the plan Gaurav Drall

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Successful Planning Process  Everyone

Participates  Board and staff educated about planning  Board and staff explore new ideas  Necessary resources available

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Management By Objectives

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What Is An Objective?

“ Objectives are goals, aims or purposes that organization wish over varying time periods.”

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Management By Objectives (MBO) A method whereby managers and employees define objectives for every department, project and person and use them to monitor subsequent performance.

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Essential Steps For MBO Set Goals

Develop Action Plan

-The most difficult step.

-Course of action for both workgroup and individual.

-Specific target and time frame.

Review Progress -Periodic during the year.

Appraise Overall Performance

-Take corrective action.

-How are we doing? -Do we need to restate our goals?

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Making MBO Process Effective  It

must start at the top of the organization.

 Employees

must be educated about what MBO

is.  Managers

tell their subordinates what organizational goals and plans top management has established. Gaurav Drall

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 Goals

should be achievable within a specified period of time.

 The

management should specify the resources that the subordinate will need.

 The

employee should be rewarded on goal attainment.

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