Download - MBO Pyramid
Management by Objectives
05/02/2023
Process of defining objectives within an organization– Systematic and organized approach– Allows management to focus on achievable goals– Allows management to attain the best possible results
from available resources Key features:
– Goal setting– Choosing course of action– Decision making
Aim: to increase organizational performance by aligning goals and subordinate objectives throughout the organization– Employees more likely to fulfill their responsibilities
when they are actively involved in defining objectives Incentives linked with results
The MBO Concept
05/02/2023
Strategic Objectives
Operations Objectives
Branch/Department Objectives
Individual Objectives
MBO Pyramid
05/02/2023
Start period
Review and define
objectives
Set employee objectives
Monitor progress
Evaluate performance
Reward employees
MBO Cycle
05/02/2023
Objective Criteria
Is It Specific?
Is It Measurable?
Is It Appropriate?
Is It Realistic?
Is It Time-Bound?
05/02/2023
Improvement Objectives
Innovation Objectives
Types of Objectives