Management by Objectives

Attain Personal Success Using Business Models: Management by Objectives for Individual Achievement

There are several ways that individual can meet their personal goals, whether at work, home, or in personal relationships. One is to actually use the business model MBO.

Most models of personal success are very similar to business management models, although often “water-down” or modified versions. The MBO model is a simple management model for reaching and attaining success goals that is easily adaptable to personal use.

What is Management by Objectives?

The MBO model is where someone decides on some specific goals that they want to achieve, say for example, you want to lose forty pounds in the next year, and set specific task, or objectives in order to reach that goal. Each objective must meet the SMART criteria. This means they must be Specific, Measurable, Achievable, Relevant, and Time-Specific.

Using the weight loss example, you might give yourself some specific diet or exercise objectives which are task driven. Your objective might be to cut out a certain amount of calories from your diet within the first two weeks. From this your tasks could be:

  • cut out
  • daily chocolate bar right away
  • cut out
  • daily giant Big Gulp and replace it with water
  • by week
  • replace all junk food snacks in the house with healthy snacks, such as fruit and vegetables.

This objective is then specific (the number of calories you reduce the diet), measureable, achievable (you’ve only modified part of the diet, so it doesn’t hurt you all at once), relevant (it’s healthier food choices and reduction of unwanted consumption), and time-specific (you’ve decided by when it must be completed).

An Exercise to Reach Success

One of the first things that you must do in order to use this model is to brainstorm the things that you would like to accomplish in order to meet your idea of improvement or personal success. Whether this is in your work or personal life, there are specific goals you want to reach, so you must write each and every one of them down.

Once the goals are written down, pick the top five goals. What is most important for you to achieve? Rank these goals. Now write down at least three objectives that meet the SMART criteria that you need to accomplish in order to reach that specific goal. The objectives will each likely require you to complete several specific tasks. What are those tasks? How can you complete them?

Time Management is a Factor in Success

For your tasks you will have to set specific times that you want to complete each task. This is where your time management skills come into play. Many people use a scheduler, such as a day-timer or a program like Outlook when they are at work. There is no reason you can’t have something similar for your personal life. One idea is to use a list for each day’s items that you have to get done. All truly successful people have such a list. Go over it every morning and see what things you have to do. Make sure to allow time in this schedule for your work and personal care. Some people tend to get over zealous and schedule too many things into their life. Remember that you typically need at least nine or ten hours from each day for sleep and personal care, including meals.

With clear goals and objectives and knowing the tasks that need to be done in order to meet each objective, you will have a much higher chance of attaining any kind of success you desire!