Abstract

With the variability of the business environment, the various tools that have emerged during the formation of management to support its functionality have been flexibly changed, used, or interchanged. With emphasis on the level of strategic management, it is not only the right choice of strategy and its implementation, but also the use of adequate theory or method of strategy implementation. There is a whole range of such methods, including management by objectives (MBO) by P. Drucker, a pioneer in modern management. The paper focuses on the implementation and use of a management system according to objectives in Slovak companies. Based on the content analysis of available professional resources, it defines the theoretical basis of the researched issues and the basic principles that relate to the MBO method. The analytical part is a case study of a selected Slovak company, in which we analyze the current state of management using qualitative and quantitative methods. Subsequently, based on the main findings, we propose possible recommendations for more effective management according to the objectives of the surveyed company.

Highlights

  • Sustainability 2021, 13, 9788. https://In modern conditions, where change is becoming a common part of business operations, there is a need for increased flexibility in achieving goals

  • We are interested in how the management by objectives (MBO) method affected the performance of employees in the selected company and how it contributed to the overall achievement of the set goals

  • The first is the assessment of the degree of knowledge and use of MBO in the conditions of selected Slovak companies, and in the second part, we focus on the selected company and its analysis in the context of MBO

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Summary

Introduction

Sustainability 2021, 13, 9788. https://In modern conditions, where change is becoming a common part of business operations, there is a need for increased flexibility in achieving goals. Various conflicts, misunderstandings, and inefficient use of human resources in the company can arise To prevent such situations, it is important to manage employee performance and clearly set goals. It is important to manage employee performance and clearly set goals For this purpose, the MBO method is often used in practice, which includes a participatory approach to activities and the fulfilment of defined tasks. The MBO method is often used in practice, which includes a participatory approach to activities and the fulfilment of defined tasks It is a certain style of management and leadership of people, which tries to combine the goals of the company with the individual performance and development of employees. The aim of this method of management is to harmonize the goals of employees and their effective fulfilment, which together lead to the fulfilment of corporate goals

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