Definition of Management by objective
Management by objective is a corporate procedure. In this procedure, workers and the management meet up to distinguish common goals. The representatives set their objectives to accomplish. The guidelines are to be taken as the criteria for estimating their performance and commitment. Then, choosing the strategy to be taken after. Peter Drucker first outlined the term in 1954 in his book “The Practice of Management.”
Brief Explanation of Management by objective
The concept behind Management by Objectives is to ensure those managers and workers within the organization clearly understand their goals. These people are aware of their own parts and duties in accomplishing those goals. Hence, its main framework is to engage workers, and managers work to implement policies and achieve the organization’s goals. This makes certain that employees effectively communicate with each other. it leads to a positive atmosphere in the workplace. Moreover, it prompts all-around characterized chains of command in the work environment. It guarantees transparency at all levels. A supervisor of any organization never directly interacts with the manager in the event of inquiries. He would initially meet his reporting manager, who might then pass on the message to his senior and so on. Each one is clear about his position in the association. Thus management by objectives intends to serve as a reason for;
- Firstly, more prominent productivity through systematic techniques,
- Secondly, Planning for results instead of preparing just for work, and
- Last but not the least, more outstanding worker inspiration and commitment through the interest in the planning procedures.
