final mbo - college

8/8/2019 Final MBO - College

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PERFORMANCE APPRAISAL &MANAGEMENT BY OBJECTIVE

SACHIN : 49EVAN : 32AMOL : 52NITIN : 46


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PERFORMANCE

APPRAISAL


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INTRODUCTION

f Performance appraisal is the assessment of individual's

performance in a systematic way.

f Parent evaluate their children, teachers evaluate their

students, and employers evaluate their employee.


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OBJECTIVE

f S alary increase

f Promotions

f Training and D evelopment

f Feedback

f Pressure on employee

f

Evaluation of HR Programsf Improve communication


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TECHNIQUES / METHODS OFPERFORMANCE APPRAISAL

A) Past O riented Methods

i) Ranking methods

ii) Checklist method

iii) Forced choice method

iv) Forced D istribution method

v) Essay & Grading method


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TECHNIQUES / METHODS OFPERFORMANCE APPRAISAL

B ) Future O riented Methods

i ) 360 Appraisal / Feedback

ii) A ssessment Centers

iii ) MB O


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PROCESSSetting Performance

Standards

CommunicatingStandards

Measuring Standards

Comparing withstandards

Discuss Results

Taking Actions


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MANAGEMENT BY OBJECTIVE


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INTRODUCTION- MBO

Management by Objectives was introduced byPeter Drucker in the 1950s and written about inhis 1954 book, The Practice of Management .

P ETE R F D RUCK ER


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MEANING

f Management by objectives (MBO) is a systematic andorganized approach that allows management to focus onachievable goals and to attain the best possible results fromavailable resources.


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PRINCIPLES OF MBO

f O rganizational goals and objectives

f S pecific objectives for each member

f Participative decision making

f Explicit time period

f Performance evaluation


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GOALS ARE SMART- MBO

Management by O bjectives is a management strategythat uses the S .M.A .R.T.

f Sfor

Specific

f M for Measurablef A for Achievablef R for Realisticf

T for T ime-based


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PROCESS OF MBO

MBO

1

SettingGoals

2ParticipativedecisionMaking

3Implementing

Plans

4Performance

Feedback


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ADVANTAGES-MBO

f Improves employee motivation

f Improves communication

f Improves overall performance and efficiency

f Highlights training needs required to achieve objectives


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DISADVANTAGE/LIMITATIONS-MBO

f Goal-setting Problems

f T ime Consuming

f Increased Paperwork

f Participation Problem


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W HEREW E CAN USE MBO

f MB O could be suitable for a medium to largebusiness, using a democratic approach tomanagement and operating in a stable market

f When staff is competent


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CASE STUDY

X erox Corporation


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TYPE : PUBLIC -USA

INDUSTRY : DOCUMENT SERVICES: DIGITAL IMAGING: COMPUTER PARTS

PRODUCTS : PRINTERS: COPIERS: SCANNERS

: FAXES

EMPLOYEES : 130,000(2010)


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final mbo - college

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