MANAGEMENT BY OBJECTIVES

The great thing about the Mandy Sir classes are in each and every class we are learning an important lessons not only from Mandy Sir but also from tiny things which we have seen in our life. It is very surprise and interesting to hear how these tiny tiny things are teaching us Management skills, Leadership qualities and organizational skills. I was surprised to see what is the relation between a magnet and POM.

                                            As we all know that magnet is material or object that produces the magnetic field. This magnetic field is invisible which is responsible for the attraction or repulsion of other materials. The magnet not only allign its own molecules to form north pole and south pole but also it alligns the foreign particles around it until its magnetic fields area between north pole and south pole. So, in the same case manager has a power to control and allign the employees in such a manner to bring shape to the output of the work and also to the organization.So like all the particles allign to create a strong magnetic field, a manager also allign all the work force to produce a great efficiency from the organization.

The Management by Objectives which is a process defines the organization so that the management and the employees agree to the objectives and understand their work to do in the organisation in order to achieve success.

 The Process of Management by Objectives have various stages.They are

Set Objectives:

                              The management team sets the objectives to achieve it. The objectives are fixed considering the factors where the organization achieves success for a particular period of time. So the management team works to find those factors and fix a plan or action according to it.

Monitor:

                              The Assistant Manager works who works under the Manager executes the plan and if needed he optimizes the factors related to resources to minimize the cost.If it is necessary he takes the guidance of his Manager and work accordingly.

Evaluate:

                          The Assistant manager evaluates himself with the output and he compares whether he achieves the objectives or not. If he is fall short of the objective he plans accordingly to achieve it and if the situation matters, then he might approach the Manager fro suggestions.

Reward:

                        If the Assistant manager works hard to achieve the objective he will be awarded appreciating his work or if the employees working under him produces the good output he encourages the employees by giving rewards to their work.

Review Organizational Objectives:

                       When the Assistant manager completes the work, the manager review the work whether he achieved it or not and then if he achieved it then the manager will set new objectives or if not he will niggle the factors effecting in achieving the objectives and according to that he plans it.