Notes

Be SMART, CONSIDERATE, PROMPT, HONEST, HELPFUL, KIND, CREATIVE, DETERMINED, PATIENT

Management by Objectives introduced the SMART method for checking the validity of the objectives, which should be
'SMART':
- Specific
- Measurable
- Achievable
- Realistic
- Time-related.

MBO by Peter Drucker:
What is this theory about?
MBO (Management By Objectives) relies on the defining of objectives for each employee and then to compare and to direct their performance against the objectives which have been set. It aims to increase the performance of the organization by matching organizational goals with the objectives of subordinates throughout the organization. Ideally, employees receive strong input to identify their objectives, time lines for completion, etc. MBO includes continuous tracking of the processes and providing feedback to reach the objectives.

Principles of Management by Objectives:
- Cascading of organizational goals and objectives,
- Specific objectives for each member,
- Participative decision making,
- Explicit time period, and
- Performance evaluation and provide feedback.