The Management by Objective Approach Essay Example | Topics and Well Written Essays - 750 words

The Management by Objective Approach - Essay Example Management by objective has several principles, which include cascading of organizational objectives, setting goals for each member, participative decision making, over time, and feedback provision and performance evaluation. 1. Better utilization of resources – Here, resources can be measured in financial, human or physical terms. In management by objective, goals can be easily attained by optimum utilization of financial, physical and human resources (Bryman 1996, p.66). These resources can be regulated and efficiently managed to provide the greatest possible benefits for all employees in the company. 2. Development of Personnel – Management by objective is a valuable tool which can be used to develop and train the subordinate managers. The training techniques employed helps the subordinate managers to improve their skills in leadership, decision making, planning, directing and controlling (Migliore 1977, p.78). The flourishing future of a company largely depends on the qualifications of its employees and the quality of the services rendered to its customers. Management by objective helps a company to set several attainable goals to run a project and process oriented organization that enables employees to work in a professional, innovative and customer oriented way. Therefore, the continuous enhancement of technical and personal skills of employees is a critical issue in a company. Hence, the subordinate managers get prepared for promotion to higher posts in the future (Huselid 1995, p.65). 3. Makes planning effective – A solid business plan in a company can be the main difference between failure and success. Most of the businesses fail because they overlooked the idea of a business plan due to a lack of knowledge and time on how to make one. In management by objective, the goals and objective of a company get clearly stated.  

The Costs of Ecotourism in the Global Community Term Paper

The Costs of Ecotourism in the Global Community - Term Paper Example However, the costs of ecotourism have become a controversial issue among different sectors and institutions in global society. Even though ecotourism is seen to promote ecological awareness for travelers and serve as a significant revenue generator for rural societies, a lot of people question its real function in the community. Some groups like Tourism Concern in the UK argued that ecotourism harms the environment, together with the people in it. (Ecobits and Ecopieces 2002) Currently, the word ecotourism is used loosely in conversations. "Ecotourism" is often used to denote activities involving nature. "Ecotourism" can designate a wide array of activity like mountain climbing, water rafting, and other ecological explorations. However, it can be surprising to find out that various ecotourism institutions give definitions which are a way to far from the colloquial perception. Ecotourism means "ecological tourism," which possesses both "ecological" and "social" connotations. Ecotourism can denote both "concept/tourism movement" and as a "tourism sector (Ecotourism 2005)." The existence of ecotourism dates back in the late 1980s and United Nations declared the year 2002 as the International Year of Tourism. During that year, the UN has recognized the impact of ecotourism in the global community and aimed to promote "sustainable tourism (International Year of Ecotourism 2002)."The International Ecotourism Society (TIES) defines ecotourism as "responsible travel to natural areas that conserves the environment and improves the well being of local people (What is Ecotourism 2004)." This also implies that people who implement and take part in this "responsible travel" should adhere to principles so as promote the objectives of ecotourism. With this consideration, companies and participants alike are required to "minimize" their impact on the ecological society visited. Ecotourism activities should also be designed to establish environmental and cultural awareness and respect, as well as provide positive experiences for both visitors and hosts. Since ecotourism is geared to develop the "destination," it should be able to benefit the society financially for the conservation of the environment.