Environmental-Analysis-and-MBO-in-Planning-process.pptx

Management by Objective (MBO) is a strategic approach where managers and employees define and agree upon specific, measurable objectives. This method promotes transparency, accountability, and alignment of personal goals with organizational objectives, thereby enhancing performance and productivity.
Environmental analysis in Management by Objective (MBO) involves assessing external factors that could impact organizational goals. It helps in setting realistic objectives and formulating strategies. This connection ensures that the objectives are aligned with the external environment, enhancing the organization’s adaptability and success

1. Significance of Environmental Analysis in Planning process SAGNIK SANYAL MBA IISWBM 23-25

2. Why Conduct Environmental Analysis? Identify Risks and Opportunities Environmental analysis helps businesses identify potential external risks and opportunities related to their industry and formulate effective strategies . Informed Decision Making Environmental analysis provides relevant and necessary information for informed decision making and improving business operations. Staying Ahead of Competitors Keeping tabs on the environment helps businesses stay ahead of their competitors by anticipating changes in the industry and adapting accordingly.

3. The Methods of Environmental Analysis

4. MBO in Strategic Planning 1 Define Objectives: Objectives are defined at all levels of the organization, and aligned based on the organizational mission and vision . 2 Develop Action Plans: Action plans define the courses of action and give directions for achieving the objectives. 3 Performance Review: Performance feedback is given at regular intervals to evaluate the progress towards objectives and make corrections where necessary.

5. MBO Process in Electronics Company Objectives The company established goals to reduce energy usage by 30%, boost employee retention by 50%, and increase revenue by 20% in two years. Action Plans Action plans included installing energy-efficient technology, conducting more extensive employee training, and implementing targeted marketing strategies. Performance Review Regular reviews and feedback were provided to employees, and the company monitored results closely to ensure objectives were met.

6. Benefits of Environmental Analysis and MBO 1 Improved Decision Making Businesses can make informed choices based on analysis rather than intuition. 2 Increased Efficiency Environmental analysis helps a business optimize operations, which leads to increased productivity and efficiency. 3 Higher Quality Decision Making MBO provides a framework for decision making, leading to better quality and consistency in decision making.

7. Conclusion Environmental Analysis is critical Environmental analysis provides companies with insights to navigate external challenges and opportunities in their operational environment. MBO leads to results Effective application of MBO helps organizations achieve goals and meet targets more efficiently. Working Together Together, Environmental Analysis and MBO make a powerful combination for driving organizational success and ensuring sustainability.