The class started with the discussion about magnets. Prof. Mandi had brought a couple of magnets and the students were asked to explain the properties of magnet and why does it possess the properties of attracting to metal. It was a basic science question but hidden in it were the principles of management.
Like a Magnet aligns innate magnetic forces in metallic atoms, aManager aligns human forces to get work done. In effect an organization is a force that is aligned. The bigger or better an organization, the more perfectly it is aligned.
This leads to an important concept in Organizational Management - Management By Objective(MBO). It goes beyond setting annual objectives for organizational units to setting performance goals for individual employees.
Elements of the MBO system are
1. Commitment to the program: At every organizational level, managers' commitment to achieving personal and organizational objectives and to the MBO process is required for an effective program.
2. Top-level goal setting: Effective MBO programs usually start with the top managers, who determine the organization's strategy and set preliminary goals that resemble annual objectives in their content and terms.
3. Individual Goals: In an effective MBO program, each manager and staff member has clearly defined job responsibilities and objectives.
4. Participation: As a general rule, the greater the participation of both managers and employees in the setting of goals, the more likely the goals will be achieved.
5. Autonomy in implementation of plans: Once the objectives have been agreed upon, the individual enjoys a wide discretion in choosing the means for achieving them, without being second-guessed by higher-ranking managers.
6. Performance Review: Managers and employees will periodically meet to review progress towards objectives. During the review, they decide what problems exist and they can each do to resolve them.
Like a Magnet aligns innate magnetic forces in metallic atoms, aManager aligns human forces to get work done. In effect an organization is a force that is aligned. The bigger or better an organization, the more perfectly it is aligned.
This leads to an important concept in Organizational Management - Management By Objective(MBO). It goes beyond setting annual objectives for organizational units to setting performance goals for individual employees.
Elements of the MBO system are
1. Commitment to the program: At every organizational level, managers' commitment to achieving personal and organizational objectives and to the MBO process is required for an effective program.
3. Individual Goals: In an effective MBO program, each manager and staff member has clearly defined job responsibilities and objectives.
4. Participation: As a general rule, the greater the participation of both managers and employees in the setting of goals, the more likely the goals will be achieved.
5. Autonomy in implementation of plans: Once the objectives have been agreed upon, the individual enjoys a wide discretion in choosing the means for achieving them, without being second-guessed by higher-ranking managers.
6. Performance Review: Managers and employees will periodically meet to review progress towards objectives. During the review, they decide what problems exist and they can each do to resolve them.
No comments:
Post a Comment