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Impact Of Management By Objective On Organizational Performance
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1.2 BACKGROUND OF THE STUDY
Historical
management perspective has been on achieving organizational performance
objectives reflected on profit, growth and market value. In spite of
developments in various sector of the economy as technology advancement,
industrial revolution, advance in production and commercial activities,
the complex nature of Trade Union and industrial relation, the fact
remains that organization are constantly seeking new ways and ideology
to ensure that resources are maximally utilized and that set goals and
objectives are achieved.
MBO was first published by Peter Drucker in
1954 in the practice of management. One of the core ideas in MBO was
where managers should focus their time and energy. According to Drucker
effective MBO managers focus on result not the activity. They delegate
tasks by negotiating a contract of objectives with their subordinates
and by refraining from dictating a detailed road map for implementation.
MBO is about setting roles and their breaking these down into more
specific objectives or key result MBO involves (1) Setting company – mid
goals derived from corporate strategy (2) Determining team and
department level goals (3) Collaboratively setting individual – level
goals that are aligned with corporate strategy (4) Developing an action
plan and (5) Periodically reviewing performance and revising goals.
Greenwood R. G. (1981), Management by objectives Pg. 225 – 230.
The
broader principle behind MBO is to make sure that everybody within the
organization has a clear understanding of the organization’s goal as
well as awareness of their own roles and responsibilities in achieving
objectives that will help to attain those goals. The complete MBO system
aims to get managers and empower employees acting to implement and
achieve that plans which automatically achieves the organizations goal.
In-view
of the result oriented nature of MBO as a management philosophy. It
spurs the researcher to conduct a study of this nature to determine the
impact of management by objective on organizational performance using
UBA as a case study.
1.3 STATEMENT OF THE PROBLEM
There has
been an increasing challenge in many organization to achieve corporate
organization objective due to mobility to maximally utilize its human
resources. Many firms have focused on central management with total
neglect and lack of integration of low level employees in the corporate
plans and objectives. The resultants effect as been that of lack of
understanding, interpretation and implementation of such plans and
objective loading to poor organizational performance.
The
research therefore is confronted with the problem of determining the
impact of management by objective (MBO) in organizational performance
with a case study on UBA Plc.
1.4 RESEARCH QUESTIONS
The research Questions include;
1. What is the nature of management by objective and what is the nature of MBO in UBA
2. What constitute organizational performance and organizational performance in UBA Plc
3.
What is the impact of management by objective on organizational
performance and what is the impact of MBO in organizational performance
in UBA Plc.
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ABSRACT - [ Total Page(s): 1 ]The research progress a detail analysis of the concept of management by objective and portrays its impacts an organization performance. It elucidates the structure of management by objective through the systematic and organized approach that allows management to focus on achievable goals and attain best possible results from available resources. It provides detail analysis of organization performance measures as the overall central focus of management by objective. In-view of analyzing a practic ... Continue reading---
