Management by objectives)

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• Peter Drucker
• Target Management Principles

What is target management? Meaning

Management by objectives (management by objectives) is to set specific target tasks for each employee and motivate, guide, and compare the performance of the employee with these defined goals. The goal of objective management is to transform the overall objectives of an organization into sub-goals of subordinate units and individuals step by step to form a complete objective evaluation system to improve organizational performance. The ideal situation is that, due to the importance and investment of the Organization, each employee is very clear about their work objectives, task cycles, and other closely related content.
Target Management includes continuous tracking of production and operation processes and continuous feedback until the goal is achieved.

 

Peter Drucker

Target Management by management mastersPeter DruckerHe first appeared in his book "Management Practices" (The practice of managementThe book was published in 1954.AccordingDruckerManagement Personnel must avoid "Activity traps "(Activity trapInstead of looking at the road, you can forget your main goal. MBOAn important concept is that corporate strategic planning cannot be implemented by only a few executives. All managers should be involved, which is more conducive to the implementation of the Strategy.Another concept is that an enterprise needs to design a complete performance system, which will help the enterprise achieve efficient operation. Therefore, target management can be regarded as the predecessor of value-based management [value management.

 

Target Management Principles

• The target task of the Organization should be subdivided down.

• Specific goals should be set for each organizational unit member.

• All management personnel participate in decision-making.

• A specific time range is required.

• Evaluates performance and provides feedback.

There is one item in the target management.SmartTo determine the effectiveness of the target. The specific analysis is as follows:

• Specific (SPecific)

• Measurable (MEasurable)

• Optional (AChievable)

• Realistic (REalistic)

• With time dimension (TIME-Related)

In the 1990 s,Peter DruckerWhen explaining the significance and importance of target management, we should say:"It is just a management tool and is never a panacea for disease management. Target Management only works when you know your goals. Unfortunately, in 90%, you don't know what your goal is ."

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