April 04, 2017 @ 01:15 PM

April 04, 2017 @ 01:15 PM

K. J. Somaiya Institute of Management Studies and Research, Mumbai

9 Easy Steps to register for SIMSR (Infographic)

Download Now

Management By Objectives

It has been moot point of discussion that there is gap between Management Theory & Practice,to bridge the gap on this we at MBARendezvous.com – India’s content lead MBA Website,  have stared series of articles on The Practices of Management.

Today you will read  "Management By Objectives" : 

Peter F. Drucker, Management Guru enunciated term of Management By Objectives (MBO) way back in 1954 in his book 'The Practice of Management'.

MBO is a set process which elaborates and defines goals to be achieved by both Management and Employees together in an Organization.
The key factors of MBO is participation for goal setting thereby setting decision making process for taking actions.
Principle of MBO is for the team to have a clear understanding of the roles and responsibilities expected out of them. MBO also places importance on fulfilling the personal goals of each team member.
Few of the salient features and advantages of MBO are:
•Getting focused on achieving set goals
•Entire process gives delegation and work empowerment thus creates immense motivation which precipitates in job satisfaction and commitment
•Interaction and communication process within the team creates better coordination and understanding that itself solves many a problems
•Team can be further divided into sub sets of teams and they feel to achieve higher goals themselves and they never feel that somebody has imposed work on them 
•Top of all both managers and subordinates within the team can ensure that they are heading towards achieving common goal of the Organization and they can be of any department like Production, Marketing & Sales, R&D, HR etc.
MBO approach should be carefully followed and must be blended with culture and ethos of the organization. MBO approach further evolves discussions within the teams as this also leads to advantageous position of the organization. MBO approach has led to the performance measurement within the organizations.
For such topic of your understanding, please keep on visiting www.mbarendezvous.com - India's only content lead MBA Portal. 

Crucial Dates, You Should not Miss

Manav Rachna International Institute
of Research

Admissions Open for all MBA programme at Manav Rachna International Institute of
Research and Studies.
CII School of Logistics Amity University, Delhi and Mumbai
Admissions Open at CII School of Logistics Delhi and Mumbai campus, Apply Now!
GITAM School of International Business, Visakhapatnam
Admissions open for MBA programmes at GITAM. Application Deadline is February 20, 2018
Application Last Date for Online Submission - February 25, 2018
TAPMI, Manipal
Admission Application closes on January 16, 2018 for 2018-20
BIMTECH, Greater Noida
Admissions open at BIMTECH, Greater Noida
Lal Bahadur Shastri Institute of Management
Admissions are Open at LBSIM, Delhi. Apply Now !
FORE School of Management
Apply for PGDM & PGDM-IB Programmes. Application Deadline is January 18, 2018.
MDI Murshidabad
Applications for PGPM 2018-20 at MDI Murshidabad are open
Last Date to Apply for MBA (Full Time) Programme at NIRMA is January 29, 2018
Institute of Public Enterprise, Hyderabad
Last Date to Apply for IPE, Hyderabad is 21st January, 2018
IMI New Delhi
Admissions Reopened for PGDM Last Date to Apply January 21, 2018
Application closes on February 12, 2018 for Executive PGDM at IMI
Institute of Rural Management Anand
IRMASAT will be conducted on February 4,2018, Apply Before January 20,2018
ICFAI Business School
Admissions Open at ICFAI Business School Apply Now!
K J Somaiya Institute of Management Studies & Research, Mumbai
Last date for Application is 31st Jan, 2018
Application for PGDM 2018-20 at SDMIMD is open till February 28, 2018

Admission Open Now

Following Colleges are accepting applications.


Admissions open for 2018-20

PGDM, PGDM (HRM), PGDM(B & FS), Executive PGDM

Apply Online
Get Connected with your Dream College  
Get Connected with your Dream College

Thank you