- 1 Is the overall goal of MBO?
- 2 What are the three types of MBO objectives?
- 3 What can decrease the effectiveness of an MBO?
- 4 When possible operational goals should be expressed in quantitative terms?
- 5 What is MBO and its benefits?
- 6 What is the concept of MBO?
- 7 What are the four elements of the MBO process?
- 8 What is MBO and its features?
- 9 What are the five steps of most MBO programs?
- 10 What is MBO example?
- 11 What are the limitation of MBO?
- 12 What risks are associated with the use of MBO?
- 13 Which of the following is a major limitation of goals and plans?
- 14 What is a directional plan?
- 15 What is the relationship between strategic tactical and operational planning?
Is the overall goal of MBO?
MBO aims to increase organizational performance by aligning the subordinate objectives throughout the organization with the overall goals set by management.
What are the three types of MBO objectives?
Three types of objectives used in MBO: Improvement objectives, Personal Development objectives, and Maintenance objectives.
What can decrease the effectiveness of an MBO?
An environment of poor employer employee relations reduces MBO effectiveness. 3. Strategic goals may be displaced by operational goals. Too much paperwork saps MBO energy.
When possible operational goals should be expressed in quantitative terms?
when possible, operational goals should be expressed in quantitative terms. Goals should be precisely defined an allow for the measurable progress. Goals cannot be set for every aspect of employee behavior or organizational performance, instead manager establish goals based on the idea of choice and clarity.
What is MBO and its benefits?
Some of the main benefits include: Improved Communication between management and employees. MBO requires continuous two way communication to monitor progress toward objectives. Better Performance results from the main focus of MBO – setting measurable objectives and clear processes to achieve them.
What is the concept of MBO?
Definition: MBO is a management practice which aims to increase organizational performance by aligning goals and subordinate objectives throughout the organization. In other words, MBO involves focusing more on results rather than the activities involved.
What are the four elements of the MBO process?
The following four major components of the MBO process are believed to contribute to its effectiveness: (1) setting specific goals; (2) setting realistic and acceptable goals; (3) joint participation in goal setting, planning, and controlling; and (4) feedback.
What is MBO and its features?
Definition: Management By Objectives (MBO) is the process of setting achievable goals for the managers and employees at all the levels to be accomplished within a stipulated period. It streamlines the plan of action of the workforce and establishes their roles and responsibilities.
What are the five steps of most MBO programs?
The five steps are Set Organizational Objectives, Flow down of Objectives to Employees, Monitor, Evaluate, and Reward Performance.
What is MBO example?
Management by Objectives, otherwise known as MBO, is a management concept framework popularized by management consultants based on a need to manage business based on its needs and goals.
What are the limitation of MBO?
Costly and Time Consuming Process:
MBO is quite costly and a time consuming process. There is a lot of paper work involved. Moreover, there are a lot of meetings and too many reports to be prepared, which add to the responsibilities and burden of the managers. Because of these reasons managers generally resist the MBO.
What risks are associated with the use of MBO?
Whilst an MBO provides an efficient means of exit for the existing owners, there are inherent risks associated with any MBO. We discuss two such associated risks below – the debt conundrum and pay-out risk.
Which of the following is a major limitation of goals and plans?
Terms in this set (10) One major limitation of goals and plans is: goals and plans may cause rigidity in a turbulent environment.
What is a directional plan?
A Directional Plan establishes broad business objectives and general direction. It is a flexible plan that sets out general guidelines for a process or meeting an objective.
What is the relationship between strategic tactical and operational planning?
A strategic plan is used to outline company objectives and to identify the methods in which those objectives can be reached. An operational plan is the comprehensive way in which each department or division will use its resources to achieve company goals.