Advantages of Mbo

In: Business and Management

Submitted By abj2020
Words 1930
Pages 8
8 Key Result Areas Where Managers Must Pursue Clear Objectives

• Marketing • Innovation • Human organization • Financial resources • Physical resources • Productivity • Social responsibility • Profit requirements

Management by Objectives (MBO) Principles

• Cascading of organizational vision, goals and objectives • Specific objectives for each member • Participative decision making • Explicit time period • Performance evaluation and feedback

| |
|The Two Questions You Need to Answer To Get The Whole Process Rolling |
|Where do I want to go ? (What is the objective?) |
|How will I pace myself to see if I am getting there? (What are my milestones, or key results?) |
|Make sure that the answers are precise! |
|Types of Objectives1 |
|Routine objectives |The objectives must be: |
|Innovation objectives |focused on a result, not an activity |
|Improvement objectives |consistent |
| |specific |
| |measurable |
| |related to time |
| |attainable |
|MBO Strategy: Three Basic Parts5 |
|All individuals within an organization are assigned a special set of objectives that…...

Similar Documents


...Advantages: The technology can allow a great development of the class, because we can find information for class activities, also play videos, listen to recordings and so on. If we give good use of this technology can help us learn in a more dynamic and easy. Disadvantages: The technology in the classroom can be a distraction for students that decentralize its attention to social networks and others. Also the technology does not allow students interact and relate with their peers, making it not can realize a group learning process. Advantages The advantage to use technology at the classroom is that you can use it to help you out with some assignment or some topic of the class and with the network you can use Technology in the classroom streamlines teaching and learning because the students engage in activities that are developed. Is also May it easy and faster to get information because you´ll have more resources, the support of visual´s help. Technology helps to develop classes for students and teachers. Disadvantages The disadvantage of using technology in class is that if you use it without having anything to do with the topic that is being developed in the classroom is a distraction for the student. Another disadvantage is that sometimes is used to chat with peers but not always so, and that’s trouble for the teacher when we’re in class, you just have to use it in class when necessary. advantage - Obtain information in real time. - Any questions you have......

Words: 520 - Pages: 3

Mbo at Hewlett Packard

...was obviously in the Internet space; they simply hadn’t communicated it well. They believed the solution was simple: tell the marketing department to market the facts that HP’s OpenView software managed 70 percent of Web sites and HP’s security software handled Web transactions for over 120 financial institutions. The group cited various proofs of HP’s incidence in the Internet economy, until eventually, according to Earle, someone shouted: Stop! What the hell are you doing? Who are we trying to convince? All we’re trying to do is convince ourselves really. And, so what? Let’s say we advertise it. So what? We’re still no better an Internet company than Sun, because there is no such thing as a second mover advantage, and it’s really scary. There is no second mover advantage. 5 Kathryn Dennis, “Inventing a new HP Way”, MC Technology Marketing Intelligence, Jan. 1, 2000. HP E-Services.Solutions EC-16 p. 5 Forming a Vision The group admitted that this was more than a marketing problem. They stepped back and considered the evolution of the Internet. They talked about “waves”, with the first being the client-server wave, which prepared the world for the Internet by deploying a networked PC infrastructure. HP successfully “rode” the client-server wave but was still sitting at the bottom of it instead of positioning themselves to catch the next wave (Exhibit 4). The second wave –– the one prevailing in 1999 –– was about the Internet and, in particular, about battling......

Words: 10981 - Pages: 44

Advantages and Dis Advantages of Science

...clinical problem is not possible. ● ● Anchor statement: ‘The trainee demonstrates detailed knowledge and understanding and is aware of common complications/issues relating to the competence/clinical skill/situation.’ 22 Level 2 (previously referred to as ‘direct supervision’) Trainees must be observed directly in different clinical situations before being signed off at level 2. The trainee should: ● ● perform the clinical skill/manage the case under supervision be aware that the number of times the competence/clinical skill/situation needs to be supervised depends on the complexity of the case and individual aptitude be aware there is therefore no limit to the number of times the procedure can be supervised and there is no advantage in having a module signed up until you and your clinical supervisor are certain that you can safely perform this procedure in a number of different clinical situations and levels of complexity be able to manage any unexpected complications but know when to summon senior help. ● ● Anchor statement: ‘The trainee is capable of performing the task or managing the clinical problem but with senior support.’ Level 3 (previously referred to as ‘independent practice’) The progression to independent practice may be the most difficult for the trainee. Once the trainee has been signed off for direct supervision, they should start the process of performing procedures with less and less supervision, as agreed by their trainer. To be......

Words: 15156 - Pages: 61

Comparative Advantage vs. Absolute Advantage

...Explain comparative advantage, absolute advantage and explain what that has to do with today’s economy. A country has an absolute advantage in the production of a good relative to another country if it can produce the good at lower cost or with higher productivity. Absolute advantage compares industry productivities across countries. In the case of Zambia, for instance, the country has an absolute advantage over many countries in the production of copper. This occurs because of the existence of reserves of copper ore or bauxite. We can see that in terms of the production of goods, there are obvious gains from specialization and trade, if Zambia produces copper and exports it to those countries that specialize in the production of other goods or services. It is easy to see that if countries have an absolute advantage there are advantages to trade. However, what happens if one country has an absolute advantage over its trading partners in the production of a number of goods. Specialization and trade can still result in there being welfare gains made from trade. A country has a comparative advantage in the production of a good or service that it produces at a lower opportunity cost than its trading partners. The opportunity cost of a good is the quantity of other goods sacrificed to make another unit of that good. Some countries have an absolute advantage in the production of many goods relative to their trading partners. Some have an absolute disadvantage....

Words: 595 - Pages: 3


...important part of our lives. Entertainment and media always go hand in hand, but in addition to the entertainment, mass media also remain to be an effective medium for communication, exchange of information, advertising, marketing, and in general, for expressing and sharing views, opinions, and ideas. Mass media is a double-edged sword which means that there are positive as well as negative influences of media. Advantages : The common man gets the latest news within a fraction of seconds. The distance is not at all a barrier now. The news they get through media help them in their daily life a lot. We get the latest news in our home due to the television set. We can bring out the hidden talent, we can get public opinion about certain events, current issues. Television is quite popular because people can get easy overview from news. Television also entertains and educates people. Children’s knowledge increases by watching geographical channel, quiz programs and speeches by famous personalities of different fields. Radio has its own advantages which others do not have. People mostly listen radio in car and work station. Radio is convenient because people get short news and it is entertaining. Also, radio can be listened via mobile or MP3 player... We have the latest news and information at the click of the mouse! The Internet is such a medium that it can give many options for the kind of information required. Television, movies, Internet and the......

Words: 1644 - Pages: 7

Competitive Advantage

...Competitive Advantages MGT/498 - Strategic Management February 9, 2014 Competitive Advantages Paper Economy today is highly competitive; increasingly competitive as more companies acknowledge that domestic landscape is shrinking. As the opportunities decrease in the domestic market, organizations are making the changes to gain a competitive advantage in the global market. In this paper, team B will discuss the advantages of Riordan Manufacturing and how there related to other organizations in the market, such as Starbucks, and Apple Inc. In addition to determining the competitive strategies of Riordan, they must improve innovation and sustainability in their business operations of both the United States and global market. Furthermore, Riordan has to establish particular strategies and determine the numerous ways in which they will accomplish sustainability of long-term organizational performance. Competitive Advantages The company Riordan has the competitive advantage of product differentiation because their producing computer fans, heart valve stems, and injected molded products, such as water bottles, etc. Their competitive advantage caters to any retail household store, office buildings, and even medical centers. Furthermore, Riordan has several locations, which can be used to implement production efficiencies, which lower costs. To identify opportunities, the organization holds a comprehension market study to gain knowledge and establish directional......

Words: 920 - Pages: 4

The Mbo Process

...MBO The management buy-out process can last anywhere from three months to a year or even more. The following are the steps involved in a typical Management Buy-out. However, in some cases, some of the steps may not apply and also the order does not necessarily indicate the timing. A lot of issues outlined below would be dealt with simultaneously. STEP 1 - Initial Consultation (confidential "no fee" consultation) STEP 2 - Making the First Approach Who within an organisation to first approach about a possible MBO is vital. Generally speaking, you will have a good idea who the most approachable person is. Of course, it may be a case that the existing shareholders / management have approached you with a view to considering an MBO (considering an exit?). In the extreme case if you approach the wrong person they immediately may regard you as a threat and this could have consequences for your existing position. STEP 3 - First Approaches and Completion of Confidentiality Agreements In order for you to be able to talk to your professional advisors, the target company will require you to sign a confidentiality agreement so certain information can be released to your professional advisors and yourself. STEP 4 - Deciding on the MBO Team Generally, MBO's are driven by one to two senior management. An important part of the process which we will assist you in is to try to determine what other key members of the management team you should include. The seller will......

Words: 920 - Pages: 4

Mbo Mobile Ticket Reservation System

...MBO TICKET M-BOOKING SYSTEM RIDZWAN BIN ABDOL RAHMAN UNNERSITI TEKNIKAL MALAYSIA MELAKA mcngaku ~nembcnal-kan ti'sis !J'Sh,7:'Sarja!ia;:Doh:tos F:tlsafi~h) ini disi~npr?n Pespust:ikaan di hlal;!umat dan Kot~~uoikasi : ! i '1'cl;nolo:i dc~?g;ins!-arat-syrat kcgunnan sspcsti : hcri k u: haklnilik I 'nil-cssi~i 71'elinik~iI h/l:tlu?-sia hlclaka. 1 . Tesis dari psojek adalal~ 3. Pcrpastal.;aan Fakulti Tchlnlogi hlaklun~atdnn Komuniknsi dihcnarkan mclnbuat snlinan u ~ ~ t u ~ i u a pcngajian saliqia. tk i~ Fg.l;ulti -1'cknnlogi Rlaklumat c!nn Kcm~~nikasi dil~cnaskanrncrul~ui~t -3. Pcrpurtakc~:~n .. salinan tesis itii sehagai bahan pestukaran atitara institus; pcsrtga.11a11 tinggi. 1. "* Sila taiidakan ( 1 ) SlTT_TT (Mcngnt~dungi ~iiahlumatgang berdarjuh hcscla~na~an k e p c i ~ ~ i i ~ >lala!~ S I L I ataLi y:t~ sepcrti >an? termaktub di clalam :\1;T:2 R:IFISI.A RAShll 1972) - / . - - ~. .PTT),\F: 'T'ERI1..1r) II-:1ND.-2I:?NCiA-\n!PENT [I-IS) \loinat tct~lp NO 3 17. .j31a11 K L ' s ~ ~ c : &- e-- (T.4ND.!Il':\N ;.AN PENYF I .!;\ ) C'ih Siti XTnstusa I7inti B;~l-ua~.~icti~i C4..ITi4T:2N: 7-tsis dimaksudkan scbagiii 1.aporan Akhir Prqiek Sariana Muds (PShij, J i b tcsis ini SliI.11- atnu TTIRIT,ZD. sila 1ampisk:tn susnt daripada pil-uth "'$ bcrkurlsa. * MBO TICKET M-BOOKING SYSTEM RIDZWAN BIN ABDOL RAHMAN This report is submitted in partial fulfillment of the requirements for the Bachelor of Computer Science......

Words: 3188 - Pages: 13

5 Advantages & Advantages of Ecommerce

...5 Advantages and Disadvantages of E-Commerce We have a lot faster internet connectivity now, and we also get much more powerful tools on websites. It makes increase on the numbers of e-commerce fans. You may want to learn on the advantages and disadvantages so you can earn more benefits from there. The Advantages #1. Cost Effective The entire financial transactions will eventually become electronic, so sooner conversion is going to be lower on cost. It makes every transaction through e-commerce payment a lot cheaper. #2. Higher Margin E-commerce also enables us to move better with higher margin for more business safety. Higher margin also means business with more control as well as flexibility. You can also save time from the e-commerce. #3. Better Productivity Productivity here means productivity for both companies and customers. People like to find answers online because it is faster and cheaper, and it costs a lot cheaper expense as well for the company. #4. Quick Comparison E-commerce also enables you to compare price among several providers. In the end, it leads you to smart shopping. People can save more money while they shop. #5. Economy Benefit E-commerce allows us to make transaction without any needs on stores, infrastructure investment, and other common things we find. Companies only need well built website and customer service. The Disadvantages #1. Security Customers need to be confident and trust the provider of payment method. Sometimes, we......

Words: 434 - Pages: 2

Implementing a Mbo

...In the above referenced case study I am of the opinion that John was reassigned to an internal , lower priority project because he lacked the skill set needed to navigate through the organizational politics in order to get the implementation of the MBO completed. In essence, he failed to treat organizational change as a political issue and determine who had an interest or who could be given an interest in the changes the organization needs to make. No attempt is was made to build a consensus around this change to the MBO initiative .It appears that John thought that, he was working on an MBO initiative that was a priority for the director of the organization that he was entitled to respect and his managers should have complied with the gidelines and time frames that he had set because the MBO was a top priority for his new boss .All parties should just comply because it was "necessary" or "logical." People motivate themselves when they see clearly that what you want them to do will benefit them ( Denhardt(,R.B., Denhardt,J.V., & Aristigueta,M.P. 2013). Additionally, for cooperation from colleges, establishing a peer relationship is essential. Managers in John's organization did not want this project to succeed . Thus, John encountered jealousy, resentment or other relationship-destroying feelings in co-workers whose help her needed most( Denhardt(,R.B., Denhardt,J.V., & Aristigueta,M.P. 2013). Instead of John complaining to his boss about the manner......

Words: 1165 - Pages: 5

Comparative Advantage

...Management AMM 103 October 16, 2005 Absolute Advantage and Comparative Advantage According to the classic model of international trade introduced by David Ricardo (19th-century English economist) to explain the pattern and the gains from trade in terms of comparative advantage, it assumes a perfect competition and a single factor of production, labor, with constant requirements of labor per unit of output that differ across countries. The basis for trade in the Ricardian model is the differences in technology between countries. As a result, there are two different ways to describe technology differences: the first method, called absolute advantage, is the way most people understand technology differences; and the second method, called comparative advantage, is a much more difficult concept. Absolute advantage is the simplest measure of economic performance. It is the ability to produce a good at a lower cost, in terms of real resources than another country. Absolute Advantage is neither necessary nor sufficient for a country to export a good. In other words, a country has an absolute advantage economically over another, in a particular good, when it can produce that good more cheaply or it can produce more of the good than another country can, with the same amount of resources. In fact, absolute advantage appears when multiple products are being considering. For example, if the country “A” has an economic advantage against the country “B” at producing the......

Words: 1112 - Pages: 5

Mbo E Ticket Online

...friendly. What project? Are you developing Mbooking online system? No, you are not. I know that you are copy and paste from someone article but please read first before you put the sentence in your report. Some word are not meant to be in your report. SCOPE OF THE SYSTEM This system is being developed to help the target users (people and public users) to booking the movie tickets using the mobile phone with more quick and easy before they go to the MBO Cinema. For this project, the target users is specific for member of MBO Cinemas Membership Card. It is because, a card's holder will have a card. The card is based on a prepaid concept. An amount of money is stored in the card and it can be reloaded. So, every members can booking the movie tickets by WAP mobile phone and use the card values as a payment. Others, this system is specific for users that have mobile phone that support WAP technologies. There are many type and brand of mobile phone that support WAP technologies. An example of mobile phone brand is Nokia, MBO Tickets rnBooking System TM 4 Sony Ericsson and Motorola. For Nokia mobile phone that support WAP technologies such as 3100, 2600 Classic, 3110 Classic, 3500 Classic, 5000, 7110, 7610 and many more. For Sony Ericsson mobile phone that support WAP technologies such as J220i, K320i, K550i, K750i, K660i and many more. Then for Motorola mobile phone that support WAP technologies such as Moto-RAZR, Moto-KRZR, Moto C261, E398 and many more. THE......

Words: 1911 - Pages: 8

Advantages and Dis Advantages of Recruiting

...Advantages and Dis Advantages of Recruiting The difference between informal and formal recruiting. When using informal recruiting they use advertising public or private employment agencies and help wanted signs in front of a business. The focus is that Informal recruitment is not as costly and it eliminates finder’s fees and other search related expenses that they might incur and the time used to do it. According to Mencken and Winfield (1998) “Informal provides job seekers with access to details about a position and prospective employer that an agency would not know, the informal working environment, or the direction the organization is heading” (p137). The advantage of formal recruiting is that it generates a large pool of applicants which increases the pool of candidates that might need minimal training and procedures and gives more output. It also serves and organization that wants more diversity in there applicant pool. Organizational practices formal recruitment requires a substantial investment of organizational resources and the quality of the recruitments is not assured and the turnover rate is always higher creating a long term cost that some companies cannot afford. The disadvantage of informal recruiting is that there is a small applicant pool which in turn limits the applicants that you will recruit these overall advantages of informal and formal recruiting are the volume of applicants and the quality that they recruit. The disadvantages of......

Words: 348 - Pages: 2

Competitive Advantage

...Cost advantage/ Competing in distinctive way “If a company cannot be more operationally effective than its rivals, the only way to generate higher level of economic value is to gain a cost advantage or price premium by competing in a distinctive way”. Does this apply to the digital economy? Assess critically. It has been claimed that “value can be created with Internet communication either through finding ways of reducing costs or, on the demand side, by improving the match between buyer preferences and the goods they purchase”. Do you agree? “Internet technologies tend to reduce variable costs and tilt cost structure towards fixed cost, creating significant greater pressure for companies to engage in destructive price competition.” Do you agree? INTRODUCTION o It is argued that “If a company cannot be more operationally effective than its rivals, the only way to generate higher level of economic value is to gain a cost advantage or price premium by competing in a distinctive way”. o I will first give a definition of the digital economy and what is economic value. o This is followed by a briefly discussion on operational effectiveness. o I will then talk about the importance as well as limitation about cost advantage and price premium strategies. o The last part of the essay will look at other strategies and other elements besides cost advantage and price premium a firm can consider gaining competitive advantage. MAIN......

Words: 1498 - Pages: 6

Competitive Advantage

...Competitive Advantage and Pro Sports LaChandra Nicole Gaines MGMT 488 June 5, 2011 Ronald Morritt Competitive Advantage and Pro Sports Sustainable competitive advantage is the main purpose of an organization’s corporate strategy. Sustainable Advantage permits the preservation and development of a company’s competitive location within market (Strategy Fundamental: Determining Sustainable Competitive Advantage, 2010). Competitive advantage facilitates an organization to outlast against its competitors for an insignificant amount of time. Competitive advantage may originate in many forms. The competitive characteristic stems from the likeness of other alternatives (Strategy Fundamental: Determining Sustainable Competitive Advantage, 2010). I chose the Miami Heat as my pro-sport team to discuss competitive advantage. Because signing the very talented LeBron James to its 2010-2011 rosters, the Miami Heat established competitive advantage over all other professional basketball teams in the league (Waller, 2011). Alongside Dewayne Wade, the Miami Heat has the potential to bring home another championship to the city of Miami. There is a unanimous conformity that both Dewayne Wade and LeBron James are two of the best players in the NBA (Waller, 2011). The talents of James and Wade can dominate any team to secure a win for by making all the shots, rebounds, and playing aggressive defense. Both James and Wade signify sustainable competitive advantage for the reason that...

Words: 574 - Pages: 3