As a business owner / manager you have a responsibility to ensure that your employees are productive and happy. Management By Objectives (MBO) is a well known and widely adopted method. While MBO is not perfect, MBO does help to set expectations and goals – attributes of a great working environment.
I think you should practice what you preach. When I talk with new entrepreneurs, I strongly suggest that they start by implementing MBO for themselves.
There are many aspects and complexities to MBO. Here is my simplified MBO checklist.
- Define your goals.
- Define your key results.
- Evaluate your strengths and weaknesses.
- Determine a course of action.
- Budget your resources (time personnel, and capital).
- Determine completion date.
- Write down your plan.
- Monitor results.
- Implement rewards.
Start managing yourself by objectives today. This is an easy way to improve your productivity and happiness.
Shaun McNerney
