Management by Objectives (MbO)

Why Am I Doing, What I Am Doing

1-day F2F Session

fundamentals_of_MbO, Key_Result_Areas, KRAs_importance, 7_step_MbO_process, KRAs_driving_performance, performance_accountability, 5_point_rating_scale, evaluating_performance, assigning_weightage_to_KRAs, fair_evaluation, clear_actionable_objectives, Focused_Targets_principle, aligning_KRAs_with_organizational_objectives, evaluating_measuring_KRAs

Program Overview

  • Welcome to our 1-day workshop on Management by Objectives (MbO) and Key Result Areas (KRAs). This program is designed to equip you with the skills and knowledge to set and achieve clear, measurable goals that align with your organization’s strategic objectives.
  • Throughout the day, you will explore the principles and practices of MbO, understand the importance of KRAs, and learn how to apply these concepts to drive performance and accountability within your team. According to a study by the Harvard Business Review, companies that implement goal-setting frameworks like MbO see a 56% increase in employee performance.
  • Additionally, we will guide you in aligning your KRAs with your organization’s values and strategic goals and provide you with the tools to evaluate and measure performance effectively. Research by Deloitte indicates that aligning individual goals with organizational strategy can improve overall company performance by up to 22%.
  • Join us for this comprehensive workshop to enhance your goal-setting skills and drive your team towards success with clarity and precision.

What You Will Learn

Part-1

  • You will learn the fundamentals of Management by Objectives (MbO) and why Key Result Areas (KRAs) are crucial for organizational success.
  • You will gain a comprehensive understanding of the 7-step process involved in implementing MbO effectively.
  • You will delve into what KRAs are and how they drive performance and accountability.
  • You will become adept at using a 5-point rating scale to evaluate performance accurately.
  • You will discover why assigning appropriate weightage to KRAs is essential for fair and balanced evaluation.
  • You will learn to define and write clear & actionable objectives following the Focused Targets (FT) principle.

Part-2

  • You will understand how to align your KRAs with your organization’s objectives, values, and guiding principles.
  • You will learn the methodologies for evaluating and measuring KRAs effectively.

Training Pedagogy

  • Interactive Presentations, Videos and Discussions
  • Case studies / real world scenarios (from your organization)
  • Group activities and role-plays
  • Simulations
  • Hands-on-tools and templates
  • Reflection and action planning

Who All Can Attend

  • Managers and team leaders who are responsible for setting and achieving goals within their teams.
  • HR professionals who design and implement performance management systems.
  • Executives and senior leaders who want to align individual and team objectives with organizational strategy.
  • Anyone interested in enhancing their understanding of Management by Objectives and improving their goal-setting and performance evaluation skills.

Certificate of Participation

  • Yes, participants will receive a Certificate of Participation upon completing the program.

Can This Program Be Customized?

  • Yes, the program can be tailored to fit your organization’s specific business needs and the unique requirements of your people.

ajay is having 25 years of experience.