what is evaluation by objectives?
Evaluation by objectives, also known as Management by Objectives (MBO), is a management methodology that aims to improve organizational performance by setting clear objectives and regularly evaluating progress towards those objectives. This approach focuses on aligning individual and team goals with the overall objectives of the organization.
To understand more about evaluation by objectives, you can follow these steps:
1. Begin by defining the objectives: Start by clearly identifying and articulating the objectives you want to achieve as an organization or within a specific team or project. Objectives should be specific, measurable, attainable, relevant, and time-bound (SMART).
2. Cascading objectives: Once the overall objectives are set, they need to be cascaded down to individual employees or teams. Each individual or team should have their own set of objectives that contribute to the achievement of the overall goals.
3. Setting key results: Key results are the measurable outcomes that demonstrate progress towards the objectives. These should be quantifiable and enable employees to track their performance against the defined objectives.
4. Regular monitoring and feedback: Evaluation is an ongoing process in MBO. Managers and employees need to regularly monitor progress towards the objectives and provide feedback. This can be done through regular check-ins, performance reviews, or other feedback mechanisms.
5. Performance appraisal: At the end of the evaluation period, a formal appraisal is conducted to assess the extent to which the objectives have been achieved. This appraisal should be based on objective data, including the key results and feedback gathered throughout the process.
6. Learning and improvement: Evaluation by objectives also emphasizes learning from the evaluation process. By analyzing the results and feedback, organizations can identify areas for improvement and adjust their goals and strategies accordingly.
By following these steps, organizations can implement evaluation by objectives and improve their performance by ensuring that everyone is aligned towards common goals and regularly assessing and reviewing progress.