More and more companies are looking to switch to a Management by Objectives style, but in order to do so, they must understand what it takes to manage goals and objectives so that their efforts are rewarded. It’s simply not enough for executive to announce their plans and then hope for the best. Management by Objectives can only truly work if everyone within the organization is on board with the new methods of managing goals and objectives. It’s virtually impossible to achieve positive results if there are broken links in the management chain.
The first people that have to readily accept Management by Objectives style of doing business are the mangers in the organization. Managers have to feel confident that their efforts will yield positive results and inspire the people under them. If they don’t buy into Management by Objectives, they will not be able to convey how well it works to the employees, which is where the breaks in the chain start to really take hold. They simply cannot be asked to manage goals and objectives effectively if they don’t think the end results will be worth the effort they put forth.
Given that many managers may not be used to this style of management, it’s critical that they are given the tools and training in order to be able to properly implement the Management by Objectives ethos. The easiest way to get them to understand Management by Objectives is to teach them the basic principles of the management style and give them clear examples of what results they can expect to see from going that route. This style of training can often change the minds of managers who may not trust Management by Objectives, whilst also giving them the knowledge to impart to their staff.
Adopting a management by objectives style within the company requires everyone to change the way that they think about the business, even if they have been doing the same thing for years. Most people show up at the business planning to work, but that doesn’t always translate to positives actions and results. The mindset then has to change in order to adopt a planning to achieve goals and objectives, as opposed to just putting in your time and hoping for the best.
It’s important that everyone in the organization understands that Management by Objectives is not something that will change their business overnight. The general consensus is that it usually takes anywhere from 3 to 5 years for Management by Objectives to start delivering real results. In order for those positive changes to come into effect, everyone involved in the organization should be privy to progress reports, as well as all information that can help employees continue towards the end goals. If the people in charge can manage goals and objectives properly, morale will stay high and the end result will be completely positive.