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Four functions of management. ... Conclusion The four functions of management are very
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Four Functions of Management. Abstract The four functions of management,
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Four Functions of Management. Abstract The four functions of management,
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Submitted by darwis8 on August 4, 2006
Category: Business
Words: 1237 | Pages: 5
Views: 364
Popularity Rank: 18,940
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Subject : Management & Organizational Behaviour
Code : BMO 1102
Assessment 3 : Research Essay
Question : Define management by objectives and list the four elements
of this type of goal setting. Next, discuss three problems
associated with management by objectives. Can this
management technique be applied to your approach to this
subject (BMO 1102)? If so, how?
Name : Darwis Soesanto
VU Student Number : 3712716
Tutorial Group : Tutorial 4
Date of Submission : 21st September 2005
Lecturer’s Name : Ms. Greeja De Silva
Table of Contents
Table of Contents 1
Introduction 2
Discussion
Four Elements of Management by Objectives 3
Three Problems Faced 4
Management by objective and its application 4
Conclusion 5
Introduction
How do managers plan? Do they must plan effectively? Do they plan alone? To understand these we must first understand what planning is.
Planning is:
1. Way of forecasting and predicting what will happen in the future to achieve goals and to cope with problems.
2. A process that involves defining the organization’s goals, establishing an overall strategy for achieving those goals, and developing a comprehensive set of plans to integrate and coordinate organizational work (Robbins et al. 2003).
3. The process by which managers establish goals and define the methods by which these goals and action statements (Dunham 1989)
4. The process of coping with uncertainty by formulating future courses of action to achieve specified results (Kreitner 2004).
There are two ways in setting organizational goals, which are traditional goal settings and management by objectives.
Management by objectives is:
1. A method where managers and their employees define the goals together, how to achieve...
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