Goal Setting Constraints 15. Thus, it can help insure that everyone’s activity is ultimately aimed toward organization’s goals.
Management by objectives lays emphasis on result-oriented and participative style is basically a simple approach to management. The interaction that takes place between the superiors and subordinates is a good sign of human resource development in the organization. Poor integration with other systems. By providing a means to determine each manager’s span of control. Superior has to objectively assess performance in terms of targets fixed bilaterally. Such a manager has a far greater chance to move ahead within the management hierarchy than the non-MBO type. Poor Employee-Employee Relation 19.
Management by objectives provides for the maintenance and orderly growth of the organisation by means of a system of what is expected of everyone involved and measurement of what is actually achieved. 11. Time Consuming Concept. Unless this attitude is ingrained in them, MBO concept may be a fiasco. Better utilisation of resources. MBO provides more objective appraisal criteria.
Often it has been noticed that the subordinates do not take any interest in involving with their boss. For example, it should be integrated with the planning process in such a way that the short term goals set under MBO regime do not hurt the long term plans. 8. No follow-up by the superior at the appropriate time is another hurdle in the successful implementation of MBO. 3. To achieve this coordination many changes have to be introduced in the organisation. Account Disable 12. 16. Superiors and subordinates jointly sit and appraise the performance. It urges them to put their heart and soul into effective translation of objectives into reality. It forces management to think ahead in respect of its short term and long-term goals. They should be educated about group dynamics. 2. The reward given for positive performance causes the employees to constantly think out the path untrodden to reach the destination. 2. 4. 12. 8. This attitude militates against cooperative spirit and spirit of espirit de corps. 3. In this way, the process of setting the objectives gets hindered. 5. Improving Communication between Superior and Subordinates: Joint goal setting by superior and subordinates eases the free flow of communication between the two groups. If the top managers uses the objectives as an instrument for managing subordinates, this practice will also be followed constructively in the organisation. Their objectives are made to interconnect with the overall goals of the organisations. Hence, MBO is a potent tool to secure the willing commitment of employees. Under the MBO, there is no imposed control. Consequently, the MBO does get the expected or desired results.
Review meetings create avenue for superior to deliberate on the constraints experienced by the subordinates. Management by objectives is a system which makes the organisation function more effectively by bringing about more vitality and personal involvement of the people in the hierarchy. Providing solutions to the key problems and defining major areas of responsibility for each person in the organisation including joint or shared responsibilities. Introduction, Definition and Features of Bank. The following are the merits and advantages of MBO: 1. Structural Change 21.
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