MBO: Management By Objectives And You

MBO has changed a lot over the yrs and it’s a good approach to management. It may look simple at first, but it requires experience and skill to make it work effectively. When you prepare goals on observable, measurable terms,Clerical Business Solutions~Virtual Assistant & Business Strategy Consulting then the goals become objectives. Then the objectives become the stated measurable targets of how to achieve business aims.

They help to give the business a clearly defined target. For example, you could say that XYZ corporation wants to achieve 3 million in asian markets by 2015.

MBO is focused on accomplishment of company objectives, it stresses achieving results with planning as the dominant function; like plan your work & work your plan. It does take patients, organization, work, follow-through & tracking to be successful.

When implementing mbo, start with yourself.  Have yourself in check before correcting others. Know what to do, how to do it & get it done. Self control is a tool for effectiveness.  Better self management of your time, establish prioritizes by putting first things first, such as the work & decisions that you can handle. Leverage the resources of others by delegating & outsourcing non-core functions to a Virtual Assistant.

Management by objectives can be utilized in a business to help focus on goal planning, moving an organization forward & improving your business culture. It may not be so outdated as some like to think. Dealing with the complexities of business management is inevitable.

Strive to do better than your current contribution, be able to adapt to change. build on opportunities to enhance your abilities and performance further.

There are pros and cons to mbo as well as challenges and benefits.  Among some organizations it’s become a fad; they try it, drop it then move on to the next “big” thing. A performance improvement program can contribute to the overall business performance, which can help with mbo.

To utilize mbo effectively, managers need to identify and set objectives both for themselves, their units, and their organizations. When writing business objectives; do it the S.M.A.R.T way:

Specific – state exactly what is to be achieved.

Measurable – what gets measured, gets done. An objective should be measurable; like being able to track what you’ve done so far to see if you’re moving in the right direction.

Achievable – the objective should be realistic given the circumstances in which it is set and the resources available to the business.

Relevant – objectives should be relevant to the people responsible for achieving them

Time Bound – have realistic time-frames/ deadlines in mind and written.

When you set a clear objective, you and/ or others are able to focus attention and energy on a concrete aim, anything from a small task to a career ambition. No matter how small or large the objective is, ensure that the decisions you make and the activities you undertake all support the achievement of your chosen goal.

MBO programs should include commitment and participation in the process at all levels, from top management to the lowest position in the organization.~Clerical Business Solutions

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