Introduction For a long time, writers, philosophers, leaders and managers were trying unobtainable to define the ideal styles, ways and turnes of management in point to achieve one and unique goal, which is helping corporations to progress and block off off their objectives. aft(prenominal) years of work and reflection, the MBO (Management By Objectives) was developed and founded by Peter Drucker (Cf, The practice of management, Peter Drucker, 1954) and George Odiorne in baffle to enable companies to achieve their goals by optimizing theirs resources to motivate their employees, taking into account the results obtained, The MBO was promptly adopted as a reference and one of the boom practice in many corporate business such(prenominal) as Reliance industries and Apple… The MBO is defined as: “A process whereby the superior and subordinate managers of an organisation jointly position its crude goals, define from to each one one individual’s study areas of responsibility in terms of the results expected of him, and use these measures as guides for operating the unit and assessing the contribution of each its members” Management and take for Nurse Administration, Linda Roussel, Richard J. Swansburg, Russell C. Swansburg 2005-PP 312.
Implementing MBO As any process, there are : - limn and sharing with all managers for each business unit, the vision and the crude objectives following the SMART method (the author said in his book that the objective must be SMART: Specific, Measurable, Achievable, Relevant, and Time-Specific), - For each business unit, d efining the objectives and the organisationa! l plan, - Preparing a schedule, and Negotiating with all managers the achievement of their objectives, - picture a reward system associated with the objectives, - Measuring the performance and the progress. Performances and Limits of MBO afterwards its implementation in several organisations, the MBO showed its performances and limits that are described as follow: Advantages: - MBO is an effective...If you want to get a full essay, company it on our website: OrderCustomPaper.com
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