Principles of Management: Management by Objective (MBO)

SMART - Specific, Measurable, Achievable, Relevant, Time-bound

A clear objective makes it possible to evaluate effectiveness in approaching and reaching the objective.

A goal is a broad, longer-term achievable outcome, while an objective is shorter-term, defining measurable actions to achieve a goal.

<p>Specific, Measurable, Achievable, Relevant, Time-bound</p> Signup and view all the answers

<p>Management by Objectives</p> Signup and view all the answers

<p>5%</p> Signup and view all the answers

<p>To keep track of daily tasks and business processes</p> Signup and view all the answers

<p>Employees are saving between 10-50% of the time that they previously spent performing manual tasks.</p> Signup and view all the answers

<p>To keep track of activities that have already been performed and to structure daily activities more efficiently.</p> Signup and view all the answers

<p>Objectives should be achievable, realistic, and directed at the major problems of the community.</p> Signup and view all the answers

<p>It can help track daily appointments and deadlines, and enable more accurate scheduling of future obligations.</p> Signup and view all the answers

<p>Low-code applications can provide access to extensive automation features, making it easier to manage daily workloads.</p> Signup and view all the answers