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Somehow the Romans were able to manage remote employees without all of the methods written about when ISOE was published in 1982, as well as Skype, texting, social media, IPhones, Sharepoint, WebEx, and a host of other technologies. Unfortunately, his ideas were ruined by management consultants who turned “MBO” into a bureaucratic mess.
According to MBO Partners, a support service for independent consultants, boomers are a fast growing sector of the independent workforce. In its 2012 Independent Workforce Index, MBO Partners estimates that boomers account for around a third of all independent consultants. Will they retire, work part-time or start new endeavors?
Because of my Institutional Investor ranking, and advances in technology that made virtual co-location possible, I was able to persuade Merrill Lynch to let me work out of my home in Boston. which MBO defines as an individual working 15+ hours per week whether as a freelancer, contractor, or owner of a micro-business.
Management by Objectives (MBO) became the height of corporate fashion in the late 1950s. Later, MBO evolved into strategic planning. In the face of relentless technological change, disruptive forces in industry after industry, global competition, and so on, planning seems like pointless wishful thinking.
PwC has chosen to build its platform itself and has engineered it to work with other independent worker ecosystem service providers such as MBO Partners (an Emergent Research client), which is providing PwC with a compliance system for engaging and paying the independent worker community.
Eliminate MBO. It may be cliché to say that technology is changing our businesses today at a rapid pace, but that doesn’t mean it’s not true. Eliminate exhortations for the work force; instead, focus on the system and morale. Eliminate work standard quotas for production. Substitute leadership methods for improvement.
One of the most sacred texts in the business world is Peter Drucker’s classic, The Practice of Management , which introduced the concept of “ management by objectives ” (MBO). ” Most modern managers take this as a given.
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