Discuss the differences between the traditional goal-setting approach and MBO (management by objectives). Explain with relevant reasons, which approach, would you prefer as a Manager.

Discuss the differences between the traditional goal-setting approach and MBO (management by objectives). Explain with relevant reasons, which approach, would you prefer as a Manager.

 

The traditional goal-setting is to layout a SMART objective, which is Specific, Measurable, Attainable, Relevant, and Time Board (which is great coincidentally) and in the wake of making a SMART objective, concocting the controls important to accomplish that objective.

Management by Objectives (MBO) is a personnel management system where managers and employees cooperate to set, record, and screen objectives for a particular timeframe. Hierarchical objectives and planning stream top-down through the association and are converted into individual objectives for authoritative individuals.

MBO is better since under it managers and employees work together to set, record, and monitor goals for a specific period of time.

 

 

2^nd answer

2.Traditional goal setting approach stated that the approach where setting up of goals is done by top management and is flown downward in the organisation by the specific procedures.

Management by Objectives (MBO) is the result oriented approach.It is the practice where it is the the aim to increase the organizational performance by aligning goals and subordinate objectives throughout the organization.I would like to work in the organisation where the MBO approach is used as it will help in achieving the results for the organisation and will ultimately lead to my professional growth as an individual.MBO approach eliminate the red Taoism present in the organisation and lead to more efficiency.

3^rd

Management by objectives are explained below:

 

Goal specificity: The management by objective should help to determine the goal of the organization. So that the needs can be accomplished through quality, cost of the organization.

Participative decision-making: The manager and the employees needs to take the decision by each participant so that the employee views and ideas can be shared and that helps them to reach the goal of the organization.

An explicit time period: The completion time needs to be determined on each task that is assigned as an objective.

Performance feedback: The feedback on the performance of the employees would be monitored, so that improve on corrective actions to reach on the goal of the organization.