The objectives are the end points of the Administration's action. MBO or management by objectives can be defined as a personnel management technique in which managers and employees work together to set, record and monitor goals for a specific period of time. The MBO provides a plan for the purpose of the organization. Managing actions consists of implementing a plan and carrying it out.
It's about knowing what initiatives and results are important and working with current resources to achieve results that are aligned with the organization's objectives. Managing actions is also about managing change in order to achieve results. It's being able to easily adapt to changing priorities, manage uncertainty and work effectively in a changing environment. Management by objectives defines the roles and responsibilities of employees and helps them to chart their future course of action in the organization.
At this point, managers can also identify weaknesses in the criteria used to measure performance goals. According to the theory, commenting on goal setting and action plans encourages employee participation and commitment, as well as the alignment of objectives across the organization. Supervisors evaluate employee objectives and approve objectives that align with the organization's objectives. These models are quite easy to understand and their implementation together with the MBO helps managers achieve better results.
The key is to know the drawbacks, customize the plan according to your organization, and make sure that everyone is in full agreement and that the objectives are clear and reasonable before starting. The GNWT Public Service vision, “strong individuals, families and communities that share the benefits and responsibilities of a prosperous, unified, environmentally sustainable and prosperous Northwest Territories,” cannot be achieved without focusing on managing actions and achieving results. The Management Study Guide is a complete tutorial for management students, where students can learn basic and advanced concepts related to management and its related subjects. MBO is a management practice whereby managers and subordinates agree to work together to achieve common objectives.
Professionals say that the main benefits of the MBO are that it improves employee motivation and commitment and allows better communication between management and employees. Managers should also consider setting achievable objectives within the established schedule when setting the new goals. The process of setting objectives in the organization to give employees a sense of direction is called management by objectives. Management by objectives guides employees to reach their best level and achieve their goals within the stipulated time frame.
The MBO is a management system that combines the efforts of employees and supervisors to set firm and individual objectives. Effective management goes a long way to extracting the best from employees and making them work as a single unit toward a common goal. It offers organizations a process, and many professionals say that the success of the MBO depends on the support of top management, on clearly defined objectives and on the trained managers who can implement it.