Answer to Question #158982 in Management for awais

Question

Question No: 3       Marks: 10

A survey was distributed to a population of 300 targeted participants. Out of 130 respondents, a sample of 106 participants from the automotive industry was selected based on purposive sampling. Additionally, three field interviews were conducted with senior officers in the automotive sector. Survey results were analyzed using Microsoft Excel Statistical Package, while field interviews were analyzed through coding. The findings indicated that applying MBO in the automotive industry delivered better results in terms of productivity and efficiency, especially when supported by investing in technology.

Answer the following questions briefly in bullet points:

Questions: (Word limit: 600 words maximum)

Do you think MBO is an effective tool to increase organizational output? What do

you think are the determinants of MBO?

Do you think MBO is an effective tool to increase organizational output? What do

you think are the determinants of MBO?

Do you think MBO is an effective tool to increase organizational output? What do

you think are the determinants of MBO?

Do you think MBO is an effective tool to increase organizational output? What do

you think are the determinants of MBO?

Do you think MBO is an effective tool to increase organizational output? What do

you think are the determinants of MBO?

i.   Do you think MBO is an effective approach to increase organizational output?

ii. What do you think are the determinants of MBO?

iii. As a manager how would you apply this approach in your organization for better outcome?       

Answer 1

1. MBO is an effective tool for increasing organizational output as it dedicates both the management and employees towards accomplishing their organizational goals. The result-oriented strategy renders every member of the organization the liberty to execute their tasks independently promoting creativity and innovation within the firm. Consequently, the strategy enables every member to generate feasible ideas, solve problems and contribute to their company's goals with varying outputs by keeping the staff committed and dedicated throughout the process.
2. The determinants of MBO are; Goal specificity, Joint participation in decision-making, goal setting, and planning, A definite time-period and Performance feedback.
3. The first step would be setting or revising organizational objective. Second step would involve the translation of organizational objectives to staff from top to bottom. Third step would entail encouraging the staff to set their distinct objectives to facilitate the realization of the larger organizational objectives. Fourth step would involve the monitoring of employees progress. Lastly, I would evaluate the progress of each employee and reward them accordingly.