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Management by Objective

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Management by Objective
GROUP I SEMINAR
TOPIC: MECHANISM OF MANAGEMENT BY OBJECTIVES

Abstract: MBO (Management by Objectives) is an all-round and systematic management method. It plays essential roles in promoting the reform of the internal management system in an organization and improving management efficiency. In this paper, the basic connotation and Theoretical Model of MBO are explored, and then on the basis of analyzing the predicaments of reform for the Internal management system of an organization, the basic premise, principles, avenues and operation patterns of MBO in an organization are emphasized.

1.0 Introduction

Managers always have been challenged to produce results, but the modern manager must produce them in a time of rapid technological and social change. Managers must be able to use this rapid change to produce their results; they must use the change and not be used or swallowed up by it. Both they and the organizations they manage need to anticipate change and set aggressive, forward-looking goals in order that they may ultimately begin to make change occur when and where they want it to and, in that way, gain greater control of their environments and their own destinies.
The most important tool the manager has in setting and achieving forward-looking goals is people, and to achieve results with this tool the manager must: first, be able to instill in the workers a sense of vital commitment and desire to contribute to organizational goals; second, control and coordinate the efforts of the workers toward goal accomplishment; and, last, help his or her subordinates to grow in ability so that they can make greater contributions.
In hopes of increasing individual production and contribution, managers have resorted to many different approaches: they have tried to get commitment and hard work through economic pressure and rewards; they have sought greater production by teaching the workers the best or most efficient ways to do a job; and they have tried to

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