Management by Objectives (Basics)

fdfd

biseriapuneet.com

Management

bjectivesO by

What is MBO?

Management By Objectives (MBO) is a process where we ….

1. Set our goals.2. The standards to be achieved3. The specific works to be done 4. In a specific time frame.

"Management by Objectives" was first popularized by

 Peter Drucker in his book

‘The Practice of Management’

1. to decide the outcome.2. Define the procedure to achieve it.3. to implement the procedure.4. to examine if the procedure is

getting the desired outcome.

MBO means

to decide the

outcomeDefine

the procedur

e

implement the

procedure

examine the procedure

Corrective measures The MBO

Process

Advantages of MBO1. Keeps you motivated 2. Helps you to understand the process.3. Helps you know the shortcomings.4. Makes you more committed.5. Helps you achieve more.6. Saves time.

Where is MBO used?1. In knowledge-based enterprises.2. In entrepreneurial setups. 3. By the top management people.4. By the Business Owners.

How to define goals?

Goals should be SMART.

SMART meansSpecificMeasurableAchievableRelevantTime bound.

Know exactly what you want to achieve.

What is your ultimate goal?

Let me tell you the most common ultimate goal

For most of the Indian students, the ultimate goal is to get a government job.

Break this ultimate goal into

5 steps

Let us take the example of a

Bank PO exam.

Now, think, what are the most important things which you should work on to crack the Bank PO exam?

The most important things are …

1. Study2. Practice, &3. Staying healthy (so that you can give your 100% to your studies and practice)

Now break these into

5 steps

Step 1. Study Study every subject for 1 hour

everyday.

4 hours in total.

Step 2. Practice Attempt at least 2 question papers

of Bank PO.

4 hours in total.

Step 3. Exercise Walk briskly for, at least, 10

kilometers everyday.

1 hour in total.

Step 4. PranayaamIt will oxygenate your brain.

Re-energize your body.

1 hour in total.

Step 5. Enjoy Read inspirational books everyday.

Watch good moviesSleep for 8 hours.

14 hours in total.

__________________________

SummaryStudy – 4 hours

Practice – 4 hours Exercise – 1 hour

Pranayaam – 1 hourEnjoy – 14 hours

As you can see, in order to crack the Bank PO exam, all you have to do is to….

14 hours everyday.

relaxenjoy

&

Let usrevise

Core ConceptsWrite down 5 things which will enable you to achieve your ultimate goal.

Core ConceptsStop doing all the things which are not in your list.

Do only those 5 things which are in your list.

Core Concepts

Define your goals in clear words.

Core Concepts

Break the goals in…step 1step 2step 3 et cetra

Core Concepts

Start with the most important thing.

Core Concepts

Finish it.

Core Concepts

Start with the SECOND most important thing.

Core Concepts

Finish it.

Core Concepts

And so on

Core Concepts

End Sessio

n!

of

Enjoy Learning !

fdfd

biseriapuneet.com

Puneet Biseria

4620088962512015