ABSTRACT
As
against conservative nature of some organization managers prior to the introduction
of MBO organization had become more flexible and fill with risk as they now
engage in imprudent and unprofessional activities in other to execute there
formulated goals. These activities led to kluge losses, distress syndrome, low morale,
conflict, poor communication and lack of control leading to eventual collapse
of the organization.
Without
doubt, the importance of MBO as an effective strategy for achieving organization
goals cannot be overemphasized. What is more important is the attitude of
managements in following the (aid down procedure of an effective and efficient
principles of MBO so as to maintain a sound organization system. It had been
!toted that one of the major phenomenon distress is poor labour management relation. Which common among
the distress organization.
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION
1.1
Background to the Study
1.2
Purpose of Study
1.3
The Objectives of the Study
1.4
Significance of Study.
1.5
Statement of Problem
1.6
Scopes and Limitation
1.7
Statement of Hypotheses
1.8
Definition of Terms
CHAPTER TWO
LITERATURE REVIEW
2.0
Introduction
2.1
Management by Objectives (MBO)
2.2
The MBO
2.3
Participation and Freedom of Action
2.4 Stages,
Principles, Advantages and Disadvantages of Management by Objectives System
2.5
Criticisms and Limitations of MBO
2.6
Guidelines That Will Make MBO Work
2.7 Benefit of MBO
2.8
Summary
CHAPTER THREE
RESEARCH METHONOLGY
3.0 Introduction
3.1
Design an Approach
3.2
Determination of Sample Size
3.3
Sources of Data Collected
3.4
Method of Data Analysis
3.5
Field Work Experience
3.6
Field Work Experience
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1
Introduction
4.2
Test of Hypothesis
CHAPTER FIVE
SUMMARY, CONCLUSION AND
RECOMMENDATIONS
5.1
Summary
5.2
Conclusion
5.3
Recommendation
Bibliography
CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND
TO THE STUDY
At
the survival of any organization, there must be deliberate grand plan for
achieving present and future goals and objectives, in which the organization
must be strategic about, such actor, otherwise it would affect organization at
large.
To
formulate and implement organization objectives into a practical planning
target that would not fail in respective of the organization.
BUDGETING
could be adopted, but a more effective alternative system applicable would
`MBO" management by objective, although to establish a system of MBO calls
for a lot of efforts and participative approach to decision making by
management and subordinate (MBO) is a process through which individuals in an
organization works together to identify goals and objective and to coordinate
these effort in attaining initially development in the 1950s, MBO has gone from
being a fund in. the 1960s,and early 1970 to failing to into disrepute in many
organization in the 1980s and 1990s, yet, as most research has indicated, it is
the way in which MBO is usually implemented that created problems rather than
the idea of MBO it self.
MBO
was initially development as a synthesis of there process which are goal
setting, participation in decision making, and objective feedback, in an MBO
program, a supervision and attempt to accom consume on (1) the goals the
subordinate will attempt accomplish alluring a specific period of time. (2) the
means the subordinate A7ill use to reach these goals and (3) how progress
toward the goals will be measured and evaluated. A key factor under lying this
method is the degrees to which there is true participation MUTUAL INVOLVEMENT
in determining objectives and means during the process.
PETER
DRUNKER (1959) (MBO) management by object
allows management to focus on achievable goals and to attain the best possible
result from available resources.
It
aims to increase organization performance by allying goals and subordinate
objectives, throughout the organization. Ideally, employees get strong input to
identify their objectives, time , lines for completion e.t.c. MBO include
ongoing tracking and feedback in the process to reach objectives.
Management
by objective is not a new techniques it was introduction as a supplementary
management tools by ALFRED SLOAN in the early 1950s, however, PETER DRUNKER is
credited in his classic management drunker is credited with being the father of
MBO, it was George Ordiore who popularized MBO with his statement of its six
major premises.
Management
by objective (MBO) focuses on the result not the activity they delegate task to
subordinate Management is about salting yourself objectives and then break
specific goals or key results.
It
is true to say that the place of MBO has come to be being the keystone to the
success and indeed, to every existence to the organization it is no over,
statement to declare that what ever may be the future, the application of MBO
will be an important tools. Indeed so significant is the important as MBO to
the organization and nation that it cannot be over emphasized.
1.2
PURPOSE
OF STUDY
The
purpose of this study is to examine and understand, the concept management by
objectives (MBO) and its effectiveness in achieving organization predetermined
goals and objectives, and more so to recommend the concept to every
organization.
1.3
THE
OBJECTIVES OF THE STUDY
(i) To
examine the general impact of MBO towards achieving organizational goals and
objective.
(ii) To
study the main principle of management by objectives (MBO)
(iii) To
determine where management by objectives applicable in day running of the
organization.
(iv) To study management focus on MBO
(v)
To examine factors that affect MBO and
how to subdue it
(vi) To
recommend the concept to every management in achieving their objectives.
In
conclusion, I hope to provide relevant theories and literatures, to the mature
of collaborative processes in MBO programmers.
1.4
SIGNIFICANCE
OF STUDY.
The
relevance of the study is add to the previous and existing literature in this
discourse.
Another
significant is the understanding of the subject matter by the general public.
Through
this project various management will recognized the need to systematically
learn how to indicate goals and how to manage their subordinates, to the goals
and objectives of the organization will be easy to achieve and attained.
Furthermore,
this study is an eye opener former to gain improvement, confidence and
assurance in facing future challenges as it may come.
Finally,
it is appropriate in situation where you which to build employee, management
and self leadership skin and tap clavier creativity, tactic knowledge and
initiative.
1.5
STATEMENT
OF PROBLEM
The
statement of problem associated with the study, can be traced to significant
environmental factors and events that shape the operation of the organization
but for organization to survive and have competitive advantage over its
competitors, this organization affects organizations policy, programmers,
philosophy and practice, which may lead subtle dissatisfaction, poor
performance, resistance, conflict role ambiguity and ill relationship among
superiors and surbohinder the attainment of organization delegated grand plans
for achieving present and future goals and objectives.
1.6
SCOPES
AND LIMITATION
This
study will be limited in scope to the element within the sample of VITAMALT
NIGERIA PLC, particularly to the staffs both at upper and lower echelon.
Furthermore,
another extraneous factors limitation to this study would be.
·
Time Factor
·
Respondent Behavior And Attitude
·
Financial Implications
·
Personnel To Execute Study
·
General State Of Nature
Finally
the scope of the study is restricted to Lagos
branch Agara where sample size will be drawn.
1.7
STATEMENT
OF HYPOTHESES
Hypothesis
would be tested for the purpose of the study, which are as follows
HYPOTHESIS 1
Ho:
There is non correlation between
managements goals.
Hi:
There is correlation between managements
goals and subordinate goals.
HYPOTHESIS 2
Ho:
Failure to achieve organizations
objectives is not caused by poor management
HI:
Failure to achieve organization
objective is caused by poor management
1.8
DEFINITION
OF TERMS
Below
are the definition of some terms used in the items
Management:
it refers to getting things (activities) done through with people by planning,
organization, coordinating, directing and controlling.
OBJECTIIVES:
This an end goal toward which all activities should be aimed.
STRATEGY: A
term that deals with organization goals and objectives it could be long terms
or future terms. Deliberately planned or emergent.
JOB SATISFACTION:
This is the degree to which individuals feel
position or negatively about their jobs.
ENVIROIIENT:
It is used to refers to the physical and social context with in which any
target system is functioning, be it a persons group or organization.
FEEDBACK:
Technical term from system theory used primarily, to describe one persons
report to another of the on the reporter.
PRODUCTIVITY:
Targets there is a measure of the resources should be vitalized (e.g.) output
per man hour est.
ORGANIZATION:
An organization can be described as a planned coordination of the activities of
a number of people in the service of mutual harp for the achievement of a
common goal through division of labour and function through hierarchy of
authority and responsibility.
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