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Put yourself in the position of a management consultant who specializes in MBO. The local Small Business Enterprise Association has asked you to be the speaker for its luncheon next week. The president of the association says that the group would like to learn more about the topic: "How to Use Management by Objectives for Better Planning and Control." Questions: Your speech will last 15 to 20 minutes. What is the outline for your speech? How will you explain the potential benefits of MBO to this group of small business owners?

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Final answer:

The goal of the lecture is to provide small company owners with excellent planning and control tactics using MBO.

Step-by-step explanation:

As a management consultant specializing in Management by Objectives (MBO), when preparing a speech for the Small Business Enterprise Association, a clear purpose statement is pivotal. For example, "By the end of this presentation, small business owners will be equipped with strategies to implement MBO for enhanced planning and control."

Outline for the Speech

  1. Introduction to MBO and its relevance to small businesses.
  2. Steps to implement MBO effectively.
  3. Case studies showcasing the successful application of MBO.
  4. Potential benefits of MBO for small businesses.
  5. Questions and answers.
  6. Conclusion and summary of key points.

To elucidate the benefits of MBO to small business owners, it would be integral to articulate how MBO serves as a tool for aligning company goals with employee objectives, thereby facilitating better planning and control. This contributes to improved performance, enhanced employee engagement, and the efficient achievement of business objectives.

Practicing the speech out loud, customizing the language for the audience, and providing clear, concise, and compelling points are essential. Including visuals, using bullet points for clear communication, and organizing content to flow logically with appropriate transitions will also support clarity and audience engagement. Lastly, exemplifying through case studies and empirical evidence can effectively demonstrate MBO's utility in the business realm.

User Daniel Powell
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