Management by Objectives: Get the best out of your employees
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About this ebook
This book is a practical and accessible guide to understanding and implementing Management by Objectives, providing you with the essential information and saving time.
In 50 minutes you will be able to:
• Work with employees to set clear objectives
• Motivate your employees to reach their objectives
• Boost performance and employee satisfaction in your company
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50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide both elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
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Book preview
Management by Objectives - 50minutes
Name: Management by objectives (MBO), Project Management, management by results
Uses: The model is used in the business world by Human Resources directors, sales managers, operational managers, project managers, internal and external consultants, etc. For example, it allows:
managers to set precise objectives for upcoming tasks within the business, analyze the results and give rewards according to performance;
colleagues to set themselves performance goals.
Why is it successful? This management style is effective because it provides a framework for managers to negotiate with employees, establish a course of action and set the objectives to be met. It brings clarity to the entire hierarchy of the company. Also, when an employee agrees to be trusted with more complicated objectives, this system leads to a superior level of performance compared to those given simpler objectives.
Key words: Management, objectives, management techniques
Management by objectives arose in the context of economic growth. Poorly organized beforehand, many American