The beauty of this management tool is that setting up objectives and strategies is very easy to do. The manager’s set the objectives and then the employees set up their strategies to be reviewed and agreed upon by the management team. Once the vision or goals of he organization have been set, the MBO process can be accomplished in just several working days.
Dan Stewart
Mr. Objectives
Twitter: @MrObjectives
To be effective, Management By Objectives should be initiated at the very top of the organization and then driven down to every manager and every employee. When you think about it, everyone in the organization should be working toward an agreed upon set of objectives and the real power of this management tool is recognized when each employee develops their own individual strategies to redeem their individual objectives. There is no better management tool available to insure every employee understands the vision of the organization and dedicates their efforts to redeem this vision.
Dan Stewart
Mr. Objectives
Twitter: @MrObjectives
Yes, there may be circumstances when you have a team of people working on the same objective. In this situation each team member would have unique strategies to work on in order to redeem the common objective. The team members would meet at regularly scheduled times to review their progress with the other team members.
Dan Stewart
Mr. Objectives
Twitter: @MrObjectives
Normally objectives are set at the beginning of the fiscal year but the completion dates for objectives can be at any time during the fiscal year. There may be some circumstances when the business requires changing objectives after they have been set but this is the exception and not the rule.
Dan Stewart
Mr. Objectives
Twitter: @MrObjectives