assignment on ppm

8/8/2019 Assignment on PPM

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Prepared By:Gurbachan Singh

PGP 1-A


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MBOy Management :

Management by objectives

(MBO) is a systematic and organized approach thatallows management to focus on achievable goals andto attain the best possible results from availableresources.

Management by Objectives (MBO) was first outlinedby Peter Drucker in 1954 in his book 'The Practice ofManagement'.


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According to Drucker manager should activity trap.They generally get involved in their day to day life,

instead of considering their long term or mainobjective of their organization.

Instead of just a few top managers, all managersshouldMeans the future forecasting should not been

rely on the top management.


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Principle of improvement:y If Kavita wants to implement theMBO in her

organization then the main objective should be to

make the future of an organization better than in thepast.


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1.Principle of expectation:y For the success of theMBO in the OrganizationMs.

Kavita should set an incentive or extra remuneration

plan for the achieving specific goal or target within thestipulated time frame.


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2.Principle of strategic planning:y To meet the organizations goal with implementing theMBO within a proper strategic planning based on the

future effect.


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4.Principle of accountabilities:y Every employee must be accountable for his

participation and the contributions and the

responsible for his acts.


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5.Principle of feedback:y There must be a proper feedback channel established

for the purpose of job satisfaction and improvement.


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6.Principle of control:y Ms Kavita must specify the controls of the new Process

i.e. MBO and specific person should be identified for

the handling of the controls of theM

BO in theorganization.


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7.Principle of prioritizing:y The work should be assigned on the basis of priority or

nature of the work.


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Process:Set Goal and

Objective

Allocation ofwork

MonitorPerformance

EvaluatePerform

Reward andIncentive


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Conclusion:y MBO was initially applied in the operation and

management of enterprises, Chinese enterprises

introduced the method ofM

BO in the 1980s, and haveachieved good results. So implementing MBO(management by objective) will be a dynamic step forthe organizations bright future and growth withcommitment to their objective. And all the colleaguesand subordinates should welcome this dynamic and

wonderful change.


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assignment on ppm

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