Importance Of Objectives In Management

3.2 IMPLEMENTATION ACTIVITIES RELATED TO CONCEPT

The practical importance of objectives in management can best be seen by summarizing how successful managing by objectives works in practice.

Stages of Management by Objectives Process are

Defining the organizational goals

Defining employees’ objectives

Continuous monitoring performance and progress

Performance evaluation

Providing feedback

Performance appraisal

Let’s explain each of the MBO process in details

Defining the organizational goals

To ensure organization effectiveness, there must be an established set of goals and they serve a number of purposes. Organizations can have several sets of goals and all them must be appropriately managed.

Setting of goals usually involves different kinds of managers. Preliminary goals are set by the superiors based on an analysis and interpretation as to what can and what should be accomplished by the

KONDRASUK in University of Portland revealed that Management by objective is a popular management approach in which the efficacy has been seriously questioned in recent times. 185 studies has been analysed on the effects of MBO on employee productivity and job satisfaction. Research support for the MBO was found to be inversely related to the degree of research design sophistication. Although the five well controlled experiments leaned toward finding the MBO to be ineffective, it appears a contingency approach to MBO is more appropriate than a definitive affirmation or rejection of MBO effectiveness.

3.4 USEFULNESS OF CONCEPT TO MY JOB

Hospital Nursing: Management by objectives serves as performance evaluation key indicators and estimates the weight of nurses in the hospital ranging from patient education, customer satisfaction, profit increase, direct nursing care and safety management. Further research to verify performance evaluation key indicators would lead to successful implementation.

Decision tree and MBO effective