Aims and Objectives in Management
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The Aims and objectives is a systematic and organized approach that allows management to focus on achievable goals and to attain the best possible results from available resources. Its Aims to increase organizational performance by aligning goals and subordinates objectives through out the organization. Ideally an employee gets strong input to identify their objectives time line for completion.
Managers focus on the results not the activity. They delicates tasks by negotiating a contract of goal with their subordinates without dictating a detail roadmap for implementation. Setting yourself objectives and than breaking these down into more specific goals or key results.
Make sure that everybody within the organization has the clear understanding of the aims or objectives, of that organization, as well as the awareness of their own roles and responsibilities in achieving those aims. The complete system is to get manager and empowered employees acting to implements and achieve their plans which automatically those goals of the organization.
Objectives are written down for each level organization and the individual are given specific Aims and targets. The principles behind this is to ensure that people know what the organization is trying to achieve, what their part of the organization must do to tell those aims, and how, as individual, they are expected to help. This presupposes that organization program and method has been fully considered. If they have not started by the constructing team objectives and ask the team members to share in the process.
Aims and Objectives should be focused
Your objectives should be precise and keep their numbers small. Most people disobey this rule, try to focus on everything and end up with no focus at all.
If you want your aims and objective to be effective than those objectives fit within the overall company objectives set by the board of directors. A managers job should be based on the task to be performed in order to attain the companys objectives. The manager should be directed and controlled by the objectives.
The managers of the various units or subunits, or sections of an organization should know not only the objective of their unit but should also actively participate in setting these objectives and make responsibility for them.
The balance between management and employee empowerment has to be struck, not by thinkers, but by practicing managers. Turning their aims into successful actions, forces managers to master five basic operations,
Setting objectives,
Organizing the group,
Motivating and communicating,
Measuring performance and
Developing people including yourself
A manager guides the following directions.
Star with a few well chosen overriding objectives.
Set your subordinates objectives that fit in with your overriding objectives.
Allow your subordinates to set their own key results to enable them to meet their objectives.
Main principles of setting aims and objectives,
Cascading of organizational goals and objectives
Specific objectives for each members
Participative decision making
Explicit time period
Performance evaluation and feedback
Two questions you need to answer to get the whole process rolling
where do I want to go?(what is the objective)
how will I place myself to see if I am getting there?(what are milestones, or key results)
Make sure that answers are precise!
Types of objectives
Routine objectives
Innovation objectives
Improvement objectives
The objectives must be
Focused on a result, not an activity
Consistent
Specific
Measurable
Related to time
Attainable
Eight key result areas where managers must pursue clear objectives
Marketing
Innovation
Human organization
Financial resources
Physical resources
Productivity
Social responsibility
Profit requirements
Personal Empowerment
The four powers you need to do an excellent job
Freedom to challenge everything and anything
Continuous training and development on the job
Knowledge of, and faith in, the organization mission
The ability to achieve and see results
The planning of setting aims and objectives
The major outcome of strategic road mapping and strategic planning, after gathering all necessary information, is the setting of goals for the organization based on its vision and mission statements. A goal is a long range aim for a specific period. It must be specific and realistic. Long-range goals set through strategic planning are translated into activities that will ensure reaching the goal trough operational planning.
An objective is a specific step a milestone, which enables you to accomplish a goal. Setting objectives involves a continues process of research and decision making. Knowledge of yourself and your unit is a vital starting point is setting objectives.
Setting right objectives is a critical for effective performance management. Such objectives as higher profits, shareholder value, customer satisfaction may be admirable, but dont tell