How to Implement Management by Objectives in Your Business

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Many authorities on business management identify five functions of management: planning, organizing, directing, controlling, and coordinating.
The planning and controlling functions often get less attention from owner-managers of businesses than they should. One way to strengthen both of these functions is through effective goal setting.
Long range goals for sales, profits, competitive position, development of people, and industrial relations must be established. Then, goals are set for the current year which will lead towards the accomplishment of the long range goals.
This guide presents Management by Objectives to the owner-manager of a company for use in this type of planning and goal setting. MBO includes goal setting by all managers down to the first level of supervision. Their goals are tied to those of the company.
This guide will walk you step by step through all the essential phases of Implementing a results driven Management by Objectives program.
Table of Contents:
1. Introduction
2. What Business Am I In?
3. The Complete MBO Program
4. Goal Setting
5. The Miniature Work Plan
6. Kinds of Goals
7. Progress Reports
8. Performance Evaluation
9. Installing MBO
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