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This classic volume achieves a remarkable width of appeal without sacrificing scientific accuracy or depth of analysis. It is a valuable contribution to the study of business efficiency which should be read by anyone wanting information about the developments and place of management, and it is as relevant today as when it was first written. This is a practical book, written out of many years of experience in working with managements of small, medium and large corporations. It aims to be a management guide, enabling readers to examine their own work and performance, to diagnose their weaknesses and to improve their own effectiveness as well as the results of the enterprise they are responsible for.
#1 New York Times Bestseller Legendary venture capitalist John Doerr reveals how the goal-setting system of Objectives and Key Results (OKRs) has helped tech giants from Intel to Google achieve explosive growth—and how it can help any organization thrive. In the fall of 1999, John Doerr met with the founders of a start-up whom he'd just given $12.5 million, the biggest investment of his career. Larry Page and Sergey Brin had amazing technology, entrepreneurial energy, and sky-high ambitions, but no real business plan. For Google to change the world (or even to survive), Page and Brin had to learn how to make tough choices on priorities while keeping their team on track. They'd have to know when to pull the plug on losing propositions, to fail fast. And they needed timely, relevant data to track their progress—to measure what mattered. Doerr taught them about a proven approach to operating excellence: Objectives and Key Results. He had first discovered OKRs in the 1970s as an engineer at Intel, where the legendary Andy Grove ("the greatest manager of his or any era") drove the best-run company Doerr had ever seen. Later, as a venture capitalist, Doerr shared Grove's brainchild with more than fifty companies. Wherever the process was faithfully practiced, it worked. In this goal-setting system, objectives define what we seek to achieve; key results are how those top-priority goals will be attained with specific, measurable actions within a set time frame. Everyone's goals, from entry level to CEO, are transparent to the entire organization. The benefits are profound. OKRs surface an organization's most important work. They focus effort and foster coordination. They keep employees on track. They link objectives across silos to unify and strengthen the entire company. Along the way, OKRs enhance workplace satisfaction and boost retention. In Measure What Matters, Doerr shares a broad range of first-person, behind-the-scenes case studies, with narrators including Bono and Bill Gates, to demonstrate the focus, agility, and explosive growth that OKRs have spurred at so many great organizations. This book will help a new generation of leaders capture the same magic.
​A few decades ago, management thinking started to embrace the idea of purpose. The first edition of this book marked an important step in this trajectory; it drew attention to the need for managers to relate the concepts of ‘purpose’ and ‘missions’ to strategy, culture and leadership. In the years since, purpose and missions have become business imperatives – not only in terms of remaining competitive but as core in the attempts to have a sustainable impact on the world. The second edition of Management by Missions is an open access book based on substantially more research carried out over fifteen years, involving more than 200 organizations around the world. All of this research supports that the practical models and ideas offered in the book have been tried and tested and actually work in practice. With case studies, anecdote and new research findings, the authors present the main tools of the MBM method (shared missions, missions scorecards, interdependency matrix, missions-based objectives and integral assessment) and the type of leadership needed to implement it. The ideas presented in this book mark a path towards a new management methodology for the XXI century and a new way of understanding the work that managers do.
A management classic indeed, reissued and updated because it is simply the best concise guide to what happens when an organization installs and commits itself to a management-by-objectives system. Written by one of the best-selling management experts (J. D. Batten's 'Tough-Minded Management' has sold over 100,000 copies, and his various other titles have also reached very wide audiences) this book presents practical advice, techniques, guidelines, checklists, and action plans to help managers learn the art of motivation. Today's manager is a leader who recognizes that pushing and repressing employees are counterproductive to achieving an organization's goals. What is needed is a positive climate in which MBO can operate successfully. The personal involvement of each employee is essential to the all-out effort of the company, and it is this personal commitment to meet challenges that brings the organization's goals to life. Mr. Batten shows how MBO can be used to bring about a climate of productiveness and profitability. He lays out a seven-phase process that includes practical, results-oriented advice designed to make any MBO program a success.
The book consists of 11 chapters. Chapter 1 consists of introduction. Chapter 2 consists of 'Towards Understanding 'MBO' and include: Introduction; What Is 'MBO'? Concepts Of 'MBO'; Unique Features And Advantages Of 'MBO'; Levels And Domains Of MBO; Practical Consideration Of MBO; Limitations Of MBO; Arguments Against MBO; Concluding Remarks. Chapter 3 consists of 'Towards Understanding 'MBO' Process' and include: Introduction; Peter Drucker's Five-Step Process For 'MBO'; and Essential Elements Of 'MBO' Model. Chapter 4 consists of 'Theory, Principles And Process For Goals Setting' and include: Introduction; Developments In Goal Setting Theory; Deriving Goal Setting Using Temporal Motivation Theory; Limitations Of Goal Setting Theory; Selection Of Objectives; Selection Of Objectives; Guidelines For Developing Goals/Objectives; Goal Setting In Business; Relationship Of Goal-Performance; Relationship Of Employee Motivation With Goal Setting; Impact Of Feedback On Goal Setting; and Goal Setting Process. Chapter 5 consists of 'Development of Organizational Goals and Objectives' and include: Introduction; Management Objectives; Performance Objectives; and Concluding Remarks.Chapter 6 consists of 'Performance Appraisal And Feedback' and include: Introduction; Verifiable Measures; Result-Oriented Performance; Self-Control; Performance Feedback; and Continuous Feedback. Chapter 7 consists of 'Evolution Of MBO: From MBO To Balanced Scorecard' and include: Introduction; Timeline Of Evolution Of Management By Objectives; Fifty (50) Years Appraisal Of MBO; and Concluding Remarks. Chapter 8 consists of 'Other Management Systems Closely Related To MBO' and include: Management By Participation (MBP); Management By Feedback (MBF); Management By Walking Around (MBWA); Theory Z; and Management By Exception (MBE). Chapter 9 consists of 'MBO And Strategic Management' and include: Introduction; Management By Objectives (MBO) As A Management Tool; and Concluding Remarks. Chapter 10 consists of 'Some Road Blocks Encountered In 'MBO' System'. Chapter 11 consists of Summary and Conclusion. The book is supported with bibliography.
Explains how companies must pinpoint business strategies to a few critically important choices, identifying common blunders while outlining simple exercises and questions that can guide day-to-day and long-term decisions.
The guide for all leaders and senior managers, offering the answers to critical questions on organizational design and management. Every year, over 10,000 business books are published-and that's before you add in the hundreds of thousands of articles, blogs, and video lectures that are produced. Leaders can't possibly hope to digest it all, and writers increasingly sensationalize and spin their ideas in order to be noticed. The result? Put quite simply, the field of management thinking is in danger of losing the plot. In this new book, Scott Keller and Mary Meaney-Senior Partners at McKinsey & Company, the world's preeminent management consultancy-cut to the chase by answering the 10 most important and timeless questions that every leader needs to answer in order to maximize the performance and health of their organization. What's more, the authors recognize that great leaders may not have time for long-winded business books. In Leading Organizations, answers are kept to the essentials-hard facts, counter-intuitive insights, and practical steps-all presented in an accessible and highly visual format. If there's one essential business book you should read-ever-it's this one.