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Management by ObjectivesDrucker |
Agreeing on Employee Performance: Drucker's MBO Approach |
Peter Drucker |
Management by Objectives (MBO) relies on the defining of objectives for each employee and then comparing and directing their performance against the objectives which have been set. It aims to increase organizational performance by aligning goals and subordinate objectives throughout the organization. Ideally, employees get strong input to identifying their objectives, time lines for completion, etc. MBO includes ongoing tracking and feedback in the process to reach objectives.
MBO principles are:
Drucker also introduced the SMART method for checking the validity of the Objectives, which should be 'SMART':
In the 90s, Peter Drucker put the significance of this organization management method into perspective, when he said: "It's just another tool. It is not the great cure for management inefficiency... MBO works if you know the objectives, 90% of the time you don't." T I P : Here you can discuss and learn a lot more about intangibles measurement and the Skandia Navigator. Compare with Management by Objectives: Value Based Management | Results-Based Leadership | RACI | Change Management | Seven Habits | Seven Surprises | Path-Goal Theory | Leadership Continuum | Result Oriented Management |
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