XL Management - Your Business, Our Passion
  • home
  • contact

Management by Objectives part 2

15/1/2014

 
Setting Goals 
Long-range business goals will be the cornerstone of your company's MBO program. To achieve these goals, you must have a method to communicate them to your managers and employees. One way is to bring managers and employees into the process by asking them to help formulate the company's short- and long-range goals. If they have a role in establishing the goals, they will be more committed to achieving them. All goals should relate to and support the long-range objectives for the company. In this way, you can ensure that the goals of all levels of management are consistent. If goals are incompatible, you may find that employees feel like the middle manager of a research and development company who exclaimed in a seminar, How can I set my goals when I don't know where top management wants to go?


Types of Goals
What areas of your managers' work are suitable for goal setting? Ask managers to identify the most important aspects of their work. In each area, they should set both short- and long-term goals. Carefully developed goals, if attained, should give the manager better control of the job. Each manager should define one or two goals in each of the following categories:


Regular work goals, 
Problem-solving goals, 
Innovative goals, 
Development goals.

By asking your managers to set at least one goal in each of these four areas, you may open their eyes to new possibilities they had not seen before. The goal-setting process can be a very useful educational step.

Comments are closed.

    Share


    Author

    Mark is a management consultant and professional mentor helping companies and individuals achieve their goals.

    View my profile on LinkedIn


    Archives

    November 2018
    October 2014
    July 2014
    January 2014
    December 2013
    November 2013
    May 2011
    March 2011
    February 2011
    January 2011
    December 2010
    November 2010
    October 2010
    June 2010
    March 2010
    February 2010
    December 2009
    November 2009

    Categories

    All
    Advice For Sales Increases
    Banks
    Better Government
    Board Placement
    Bottom Of The Pyramid
    Burlington
    Business Decision Making
    Business Outlook
    Capital
    Change
    Coll Calling
    Credit
    Dail
    Democracy
    Election
    Emotional Intelligence
    Employee Engagement
    Entrepreneur
    Eradicating Poverty
    Exports
    Failure
    First-Step
    Fixing
    Forfas
    Forming
    Free Sme Help
    Government Spending
    Grief
    Growth
    Ibec
    Improvements
    Indigenous
    Ireland
    Irish
    Leadership
    Loan
    Loss
    Mba
    Mentoring
    Micro-Enterprise
    Micro Enterprise Networks
    Mistakes In Start-ups
    Network
    Network For Unemployed
    New Business
    New Businesses
    Norming
    Opportunities
    Optimism
    Organising
    Plans
    Prospects
    Recruitment
    Risk
    Sales
    Sales Tips
    Seed Capital
    Selling
    Services
    Sme
    Sme Advice
    Sme Concerns
    Sme Outlook
    Smes
    Sme Tips
    Staff Morale
    Start-ups
    Storming
    Success
    Sureskills
    Teamwork
    Thank You
    Thomas Donoghue
    Tips
    Tips For Small Business
    Trade With The Us
    Trends For Smes
    Upset
    Us Chamber
    Vote

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • home
  • contact