Question

9 basic management by objective (MBO) steps?

A) Establish goals, communicate objectives, set performance standards, monitor progress, provide feedback, conduct performance reviews, revise goals, reward achievements, assess outcomes
B) Plan, implement, evaluate, control, communicate, monitor, feedback, revise, reward
C) Define objectives, align goals, communicate, assess performance, monitor progress, provide feedback, revise goals, reward achievements, evaluate outcomes
D) Set objectives, monitor progress, communicate, evaluate, control, provide feedback, revise goals, reward, assess outcomes

Answer 1

The 9 basic steps of Management by Objectives (MBO) include establishing goals, communicating objectives, setting performance standards, monitoring progress, providing feedback, conducting performance reviews, revising goals, rewarding achievements, and assessing outcomes. Goals should be measurable, motivating, achievable, and appropriate, with regular progress monitoring and performance evaluations to ensure alignment with organizational objectives.

Step-by-step explanation:

Management by Objectives (MBO) is a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees. The 9 basic MBO steps include:

1. Establish goals: Clearly define what you want to accomplish.
2. Communicate objectives: Ensure that everyone knows what is needed to be achieved.
3. Set performance standards: Determine the criteria for measuring success.
4. Monitor progress: Keep an eye on how well you are doing towards the target goals.
5. Provide feedback: Regularly inform employees about their progress.
6. Conduct performance reviews: Formally assess the performance.
7. Revise goals: Make changes to the goals based on the assessment if necessary.
8. Reward achievements: Acknowledge and compensate successful achievements.
9. Assess outcomes: Reflect on what has been accomplished and how it relates to the broader objectives.

To implement MBO effectively, it is essential that the goals set are Measurable and motivational, ensuring that there is a clear understanding of "How will I know when it is accomplished?" Breaking down goals into feasible action steps with a target date helps to monitor progress. Also, the goals should be Achievable and appropriate with a well-thought-out plan to reach them.

During a performance evaluation, it's crucial to be proactive, engage in the discussion about achievements, and review past goals and future work objectives. Feedback received should lead to action to improve upon any identified weaknesses, keeping in mind that you are responsible for the outcomes related to your job role.