Tag: management by objectives (mbo) and management by exception (mbe)

Horizontal coordination refers to the establishment of a relationship between the persons of the same status. Horizontal coordination can be defined as a process of synchronization between the two or more persons working at the same level of authority. Generally different departmental heads discuss the policy of their department with each other in order to facilitate coordination in the organization.

Management by Objectives provides a means to identify and plan for the achievement of goals. MBO or management by objectives can be defined as a personnel management technique where managers and employees work together to set, record and monitor goals for a specific period of time. MBO provides a plan the organizational goal. MBO can be applied in various areas of organization, such as, performance appraisal, organizational development, etc.

Objectives should provide direction to managerial activities, marketing and financing. Objectives is often referred as an end point of any activity. All the activities of an organization should be guided and directed in  such a way so that objectives or the organizational goal can be achieved in an efficient manner.

As future is uncertain, strategic management as a process requires foresight. This is a true statement. Strategic management. involves the formulation and implementation of the major goals and initiatives taken by a company's top management on behalf of owners. Strategic management of the organizational activities help to achieve the organizational goal in a more efficient manner.

The core concept of MBO is planning. MBO or management by objectives can be defined as a personnel management technique where managers and employees work together to set, record and monitor goals for a specific period of time. MBO provides a plan the organizational goal. MBO can be applied in various areas of organization, such as, performance appraisal, organizational development, etc.

Third step in process of management by objectives is setting of objective. MBO or management by objectives can be defined as a personnel management technique where managers and employees work together to set, record and monitor goals for a specific period of time.

Objectives are the end points of Management action. MBO or management by objectives can be defined as a personnel management technique where managers and employees work together to set, record and monitor goals for a specific period of time. MBO provides a plan the organizational goal.