MGT 500 Lecture Notes - Lecture 97: Goal Setting, Forego
24 Dec 2020
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Document Summary
Deciding how managers make goal-setting theory operational is often left up to the person or individual in charge. There are some managers that set aggressive performance target, however, there are many managers that don"t even set goals. A more systematic way to utilize goal setting is with management by objectives (mbo). This was an initiative most popular in the 1970s, however, it is still used today. The overall objectives of an organization are translated into specific objectives for each level: But because lower-unit managers jointly participate in goal setting, mbo can work from the bottom up and the top down. This results in a hierarchy linking objectives of a certain level to the objectives of the next level. For the individual employee, mbo gives objectives that are specific and personal to the individual. Many parts/elements in mbo programs match goal-setting theory"s propositions. You"ll find mbo programs in many places, like:
