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    Assignment 2 (Management)

    Uploaded by

    Huzaifa Asim

    Copyright:

    © All Rights Reserved
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    Assignment 2 (Management)

    Uploaded by

    Huzaifa Asim
    5 views3 pages

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5 views3 pages

    Assignment 2 (Management)

    Uploaded by

    Huzaifa Asim

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    D.O.

    S: ​2/11/2020
    SAP ID: ​70111147
    Name:​ Muhammad Huzaifa Asim
    Subject: ​MANAGEMENT
    Class: ​Department of Software Engineering 1st
    Semester
    Assignment: ​2
    Title: Planning and MBO

    Planning with reference to MBO


    MBO is a planning system requiring each manager to be involved in the total planning
    process by participating in establishing the objectives for his own department and for
    higher levels in the organization.

    MBO improves communications within the firm by requiring that managers and
    employees discuss and reach agreement on performance objectives.

    By participating in the process of setting objectives, managers and employees develop


    a better understanding of the broader objectives of the organization and how their
    goals relate to those of the total organization.

    MBO in achieving the Mission and Objective of the


    company

    Management by objectives is one approach to planning that helps to overcome some


    of these barriers. It is based on an idea that organizational objectives are such an
    important and fundamental part of management that managers should use a
    management approach based exclusively on them.

    This concept emphasizes the establishment of common objectives by managers and


    their subordinates acting together and the use of these objectives as the primary basis
    of motivation, evaluation, and control efforts. In management by objectives effective
    planning depends on every manager having clearly defined objectives that apply
    specifically to his individual functions within the company. Each person has an
    identified specific contribution to make his united's performance. If all the individuals
    achieve their objectives, then the organization's overall objectives will attained
    Factors involved in MBO
    1. The dynamic nature of the environment in which the business operates. The
    environment is never static but dynamic and, therefore, any change in it
    requires changes in the policies and programmes of the business, i.e., the
    management should be adaptable to changes or else it will be out of existence
    very soon. M.B.O. is suitable for activities that are not reflective but where
    changes are desired to accomplish the goals.

    2. The change in the objective of business from ‘profit maximization to growth


    and survival’ has necessitated that the objective can be better accomplished if
    M.B.O. is practiced, which aims at better utilization of material, human and
    physical resources of the organization.

    3. The realization of the fact that the aspirations of the individuals should be
    fulfilled or satisfied if the best is to be drawn out from them. The M.B.O.
    ensures accommodation of organization objectives with those of the individual
    objectives.

    4. The current thinking that the appraisal of the personnel against the set
    objectives and in which the person concerned has participated is a more reliable
    and positive assessment, for it leads to the improvement in the performance of
    the person concerned.

    5. The development of the concept of corporate planning, which is concerned


    with the top management largely because it requires ability, experience, and
    need for maintaining secrecy and information, though M.B.O. is concerned
    with ​all levels of management by involving everyone in fixing the goals of the
    organization.

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