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GOAL SETTING AND MBO IN ORGANIZATIONAL DEVELOPMENT Presented by Priya Mehandru Radhika Gupta

Goal Setting and Mbo in Organizational Development

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GOAL SETTING AND MBO IN ORGANIZATIONAL DEVELOPMENT

GOAL SETTING AND MBO IN ORGANIZATIONAL DEVELOPMENTPresented byPriya MehandruRadhika Gupta

Defining "Goal"A goal is a statement of a desired future an organization wishes to achieve. It describes what the organization is trying accomplish. Goals may be strategic (making broad statements of where the organization wishes to be at some future point) or tactical (defining specific short-term results for units within the organization). Goals serve as an internal source of motivation and commitment and provide a guide to action as well as a means of measuring performance .GOAL SETTINGGoal setting is one of the most prominent and basic tools used by both individuals and organizations to assist in setting their direction and in accomplishing it. Successful companies and the other organizations (public sector and non profit entities) often set both long- and short term goals, not only for sales, products, and service development but also for improving quality, reducing errors, becoming more customer focussed, and building better internal and public relations. Defining some Goal Setting terms :MissionObjectivesStrategyGoalsAction PlansThe Value of Goal SettingGoal setting and goal achivement have tremendous business value. Goal setting is a simple, though not always easy, concept that can change fundamentally the way in which organizations do their workNo matter the type of organization-profit or non-profit, public or private sector-well-planned goals often make the difference btw success & failure.Goals give direction to the collective effort of all the parts of an organization, and they provide truly motivational accountability to all its members.

COMMITMENT LEVELGoals raise the commitment level of all those involved in helping the organization to achieve them. It is hard for employees to be motivated to get the job done when they do not know their job contributes to the overall success of the org. however, when they know others are counting on them to do their part and they know why their contribution is important, they are more likel to perform with excellence. Goals also have a direct effect on the morale of the staff.PERFORMANCE ENHANCEMENTGoals are also an individual and collective workplace performance enhancer. As employee see progress toward the goals, they tend to put even greater effort into them. They are willing to go the extra mile to make sure the goal is accomplished. The departmental goals also can become a part of each employees annual or semi-annual performance review.Reduction in Workplace ConflictWell-publicized departmental goals also reduce the level of workplace conflict. Clashes over personality differences, turf battles, and placing blame for mistakes are all much easier to resolve in a goal oriented environment