Management Concepts & Organisational Behaviour - MANAGEMENT BY OBJECTIVES

Advantages of MBO

   Posted On :  17.05.2018 10:12 pm

An organization can benefit in the following ways by implementing MBO.

Advantages of MBO
 
 
An organization can benefit in the following ways by implementing MBO.
 
1. Accomplishes consistency in objectives as each department’s objectives are consistent with the organizational objectives, the possibility for the various departments working at cross purposes is very less.

2. Contributes for effective management by providing lot of clarity in the objectives and the organisation that is necessary to achieve them;

3. Forces the management to plan the activities in a systematic way.

4. Facilitates objective performance appraisal. As the goals themselves become the standards against which the actual performance is measured, MBO system itself acts as an effective performance appraisal tool.

5. Contributes for the installation of a democratic and participative setup essential for the success of an organisation in a complex business environment of today. The interaction that takes place between the superiors and subordinates is a good sign of human resource development in the organisation.

 

 

Tags : Management Concepts & Organisational Behaviour - MANAGEMENT BY OBJECTIVES
Last 30 days 147 views

OTHER SUGEST TOPIC