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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 !
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Puneet Biseria
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