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Management by Objectives
 
A goal is an end that the organisation strives to attain. However, the Leaders alone cannot achieve a goal. Leaders break down processes, analyze them, set objectives and try hard to achieve them. The leader must write an objective for what he or she is trying to accomplish. Thus, an objective is the object or aim of an action. It implies an explicit direction for the action to take and a specific quality of work to be accomplished within a given period of time. Objectives reflect the desired outcomes for individuals, groups and organisations. They provide direction for decision making and a criterion against which outcomes are measured. Thus, objectives are the foundation of planning.
 
MBO - An Effective Planning Tool :
 
MBO is an collaborative process whereby the Leader and team members can jointly determine objectives for each team members. MBO begins when the Team Leader explains the goals for his group. The team members take the goals and propose objective for his / her particular job. In case of any modification of individual's objectives, it is accomplished through negotiation since the Team Leader has resources to help the team member commit to the achievement of the objective. Thus, a set of verifiable objectives for each team member are jointly determined, prioritized and formalised. Transperancy in Communication is the key factor in determining MBO's success or failure.
 
MBO Process :
 
Objectives are the drivers of planning processes. The organisation's success ultimately depends on the combined outcomes of its objectives.
 
Defining a Objective
 
An Objective is simply a statement of what is to be done and should be stated in terms of results. A mnemonic and to-write objectives is SMART (Specific, Measurable, Attainable, Result-oriented, Time-Limited).
 
Specific :
 
An objective must be specific with a single key result. If more than one result is to be accomplished, more than one objective should be written. Just knowing what is to be accomplished is a big step toward achieving it.
 
Once you have clarified what you want to achieve, your attention will be focussed on the objective that you deliberately set. You will be doing something important to you.
 
Measurable :
 
An objective must be measurable. Only an objective that affects behaviour in a measurable way can be optimally effective. If possible, state the objective as a quantity. Some objectives are more difficult to measure than others are. However, difficulty does not mean that they cannot be measured. Development of team members could be measured by determining the number of tasks the team member has performed. Co-operation with other functions could be measured by length of delay in providing requested information.
 
Attainable :
 
An objective must be attainable with the resources that are available. It must be realistic. Many objectives are realistic. Yet, the time it takes to achieve them may be unrealistic. For example, it is realistic to want to lose ten pounds of weight. However, it is unrealistic to want to lose ten pounds in one week.
 

What barriers stand between you and your objective? How will each barrier be overcome and within that time frame ?

 
Result-Oriented :
 
The objective should be in line with the goals of the organisation. The successful completion of the objective should make a difference.
 

How will this objective help the organisation move ahead ? Is the objective aligned with the mission of the organisation.

 
Time Limited :
 
The objective should be traceable. Specific objectives enable time priorities to be set and time to used on objectives that really matter.
 

Do you realistic establish the time frame? Will other competing demands cause delay ? Will you be able to overcome those demands to accomplish the objective you ‘ve set in the time frame you've established ?

 
Tips :
 
Although the rules are difficult to establish, the following may be useful when writing an objective.
 

Identify a single key result for each objective.
Give the date of the estimated completion.
Be sure the objective is one you can control.

 
To test for validity of SMART objectives, ask yourself the following questions.
 
S (Specific)              = Exactly, what is my objective ?
M (Measurable)       = What would a good job look like ?
A (Attainable)          = Is my objective feasible ?
R (Result Oriented) = Is my objective meaningful ?
T (Time Limited)      = Is my objective traceable ?
 
 
 
 
 
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