Name: Segu Sackey - Eshun
Date: 15th May 2022
Year: 12
Questions:
What is workforce planning? (2 marks)
Discuss the implications of using a MBO as a management approach. (8 marks)
Answers:
1. Workforce planning: This is planning the future workforce needs of the business by
generating information, analyzing it to inform future demand for people and skills, and
translating that into a set of actions that will develop the existing workforce to meet
demand.
2. Like in many management strategies terms in Business (as a subject), MBO is a
strategic management model with a unique purpose which is aiming to improve the
performance of an organization by clearly defining objectives that are agreed to by
both management and employees.
Basically this type of business structure has both positive and negative implications.
But I believe that this business organizational structure will have a negative influence
on management as a whole by:
For instance the issue of objectives is the process of dividing corporate objectives
into divisional, departmental and individual targets can be very time consuming,
especially as this is best performed only after full consultation with those most
affected.
Objectives can become outdated very quickly and fixing targets and monitoring
progress against them can be less than useful if the economic or competitive
environment has changed completely (no fresh new ideas)
Setting targets does not guarantee success, despite what some managers might
believe. Issues such as adequate resources and staff training must also be
addressed if the original targets are to have any real meaning or are to act
As true motivating goals.
In conclusion, although MBO is negative in my view it also has some pretty
encouraging implications that beat the odds such as the function of Objectives being
an act as a control device. By setting targets agreed with the people who have the
authority to reach them, managers are able to monitor everyone’s performance and
measure success or failure.