23.3k views
2 votes
What is Multi-Objective Management (M-O-M)

User Zmf
by
8.0k points

1 Answer

5 votes

Final answer:

Multi-Objective Management (M-O-M) is a management approach that involves simultaneously achieving multiple objectives when making decisions.

Step-by-step explanation:

Multi-Objective Management (M-O-M) is a management approach that involves simultaneously achieving multiple objectives when making decisions. It recognizes that organizations have multiple goals or objectives, and aims to find a balance between them to maximize overall performance.

For example, a company may have the goals of increasing sales, reducing costs, and improving customer satisfaction. M-O-M would involve identifying strategies and actions that would help achieve all of these goals to the greatest extent possible.

Some techniques used in M-O-M include decision matrices, utility theory, and goal programming. These tools help decision-makers analyze different options, evaluate trade-offs, and make informed decisions that consider multiple objectives.

User Pguetschow
by
8.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.