Management By Objectives

Case Study # 102333

Business > Management

This paper describes the management by objectives (MBO) managerial theory and its application.

1,795 words () | 7 sources | APA | 2008 United States

Paper Summary:

The paper discusses the managerial philosophy and system known as management by objectives or MBO. The paper looks at the principles and guiding elements of the MBO system and its application in a case study. The paper explains that MBO ensures that each employee in an enterprise receives personalized performance objectives that are directly derived from the organization's strategy.

Outline:
Abstract
Management by Objectives-Theory
Chavez's Management Style
Application

From the Paper:

"Management by objectives (MBO) is a managerial technique in which objectives for each employee are identified and then utilized to establish performance levels. MBO is designed to increase employee and even managerial performance as well as that of the overall organization because employee objectives are ideally derived from, or aligned with, the goals of the organization (Barley & Kunda, 1992). MBO is implemented with a view of providing constant or at least periodic feedback and input which allows them to determine if they are effectively moving forward towards completion of their objectives as well as adhering to the time constraints which have been set vis-a-vis their objectives."

Sample of Sources Used:

Barley, S. R., & Kunda, G. (1992). Design and Devotion: Surges of Rational and Normative Ideologies of Control in Managerial Discourse. Administrative Science Quarterly, 37(3), 363+.
Drucker, P. F. (1954). The Practice of Management. New York: Harper & Row.
Erez, M., Kleinbeck, U., & Thierry, H. (Eds.). (2001). Work motivation in the context of a globalizing economy. Mahwah, NJ: Lawrence Erlbaum Associates.
Hackman, J. R., & Wageman, R. (1995). Total Quality Management: Empirical, Conceptual, and Practical Issues. Administrative Science Quarterly, 40(2), 309+.
Micklethwait, J., & Wooldridge, A. (1996). Drucker: The Guru's Guru. The McKinsey Quarterly, (3), 144.