How Do Managers Plan?(cont. Establishing Goals (cont.) -Approaches to Establishing Goals (cont.) management by objectives (cont.) -increases employee performance and organizational productivity >depends on support of top managers for MBO -problems with MBO >can be useless in times of dynamic change >overemphasis on personal rather than organizational goals )may be viewed simply as an annual exercise in paperwork ©Prentice Hall,2002 7-19 How Do Managers Plan? (cont.) Establishing Goals (cont.) – Approaches to Establishing Goals (cont.) • management by objectives (cont.) – increases employee performance and organizational productivity »depends on support of top managers for MBO – problems with MBO »can be useless in times of dynamic change »overemphasis on personal rather than organizational goals »may be viewed simply as an annual exercise in paperwork © Prentice Hall, 2002 7-19