PRINCIPLES OF MANAGEMENT / IMPORTANCE OF MANAGEMENT BY OBJECTIVES Part-II

PRINCIPLES OF MANAGEMENT: Importance of Management by Objectives - Part II

Some of the remaining points in the importance of management by objectives are given below:-

Delegation of Authority:

The Management by Objectives strengthens and gives systematic coordination to the organizational structure of the business or industrial unit. The system gets developed because of appropriate balance between authority & responsibility.

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PRINCIPLES OF MANAGEMENT / IMPORTANCE OF MANAGEMENT BY OBJECTIVES Part-I

PRINCIPLES OF MANAGEMENT: Importance of Management by Objectives - Part I

As we all know that Management by Objectives is a systematic practice very useful in achievement of   departmental and organizational goals. Hence, its importance cannot be ignored. Some of the major importances of management by objectives are illustrated below:-

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PRINCIPLES OF MANAGEMENT: PROCESS OF MANAGEMENT BY OBJECTIVES

Management by Objectives is a systematic practice very useful in achievement of   departmental and organizational goals. A number of processes or small steps are implemented during the Process of Management by Objectives. Few are illustrated in brief as follows:-

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PRINCIPLES OF MANAGEMENT : CHARACTERISTICS OF MANAGEMENT BY OBJECTIVES Part - II

This is the second part of the Characteristics of Management by Objectives, and the points are as follows:-

Organizational Structure:

As per the concept of Management by Objectives an organizational arrangement gets developed.

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PRINCIPLES OF MANAGEMENT: Characteristics of Management by Objectives – Part-I

The modern approach towards the concept of Management by Objectives has given it the following specific characteristics:-

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PRINCIPLES OF MANAGEMENT: MANAGEMENT BY OBJECTIVES

Meaning

Management by Objectives is not a management technique but a total Goal specific management. We may say that it follows the practical aspects of management. This concept has been developed on the human factors of cooperation, understanding and coordination.

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