Question

Explain the objectives of management.

Answer 1

The core concept of MBO is planning, which means that an organization and its members are not merely reacting to events and problems but are instead being proactive. MBO requires that employees set measurable personal goals based upon the organizational goals. For example, a goal for a civil engineer may be to complete the infrastructure of a housing division within the next twelve months. The personal goal aligns with the organizational goal of completing the subdivision.

MBO is a supervised and managed activity so that all of the individual goals can be coordinated to work towards the overall organizational goal. You can think of an individual personal goal as one piece of a puzzle that must fit together with all of the other pieces to form the complete puzzle: the organizational goal. Goals are set down in writing annually and are continually monitored by managers to check progress. Rewards are based upon goal achievement.

Answer 2

Explanation of the objectives of management are as follows:

• With minimum efforts, getting maximum result is the management's main objective. It means securing outputs in maximum level by minimum resources and efforts.
• Another objective of management is giving the assurance to the employees and employer about function that will follow a coordinated and smooth way.
• For the organisation's achievement and setting, management becomes responsible.
• Utilization of human and material resources in maximum level is also an objective of management.