Management by Objectives (German Edition)

Better Migration Management

Contents:

  • "MBO" German translation
  • English-German translation for "management by objectives"
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    • One must simply find specific goals to aim for in an organization or business. Many noteworthy companies have used MBO. The management at the computer company Hewlett-Packard HP , has said that it considers the policy a huge component of its success. Some objectives are collective, and some can be goals for each individual worker.

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    • Objectives and Strategies.

    Both make the task at hand seem attainable and enable the workers to visualize what needs to be done and how. In the MBO paradigm, managers determine the mission and the strategic goals of the enterprise. The goals set by top-level managers are based on an analysis of what can and should be accomplished by the organization within a specific period of time. The functions of these managers can be centralised by appointing a project manager who can monitor and control activities of the various departments.

    Objectives need quantifying and monitoring. Reliable management information systems are needed to establish relevant objectives and monitor their "reach ratio" in an objective way. MBO has its detractors and attention notably among them W. Edwards Deming , who argued that a lack of understanding of systems commonly results in the misapplication of objectives.

    Point 7 of Deming's key principles encourages managers to abandon objectives in favour of leadership because he felt that a leader with an understanding of systems was more likely to guide workers to an appropriate solution than the incentive of an objective. Deming also pointed out that Drucker warned managers that a systemic view was required [16] and felt that Drucker's warning went largely unheeded by the practitioners of MBO. There are several limitations to the assumptive base underlying the impact of managing by objectives, [ citation needed ] including:.

    To this end, we are closely aligning our businesses with the wishes and needs of customers and patients, not only through our products, but also best possible proximity. In Healthcare, the strategic direction is to become a global specialty innovator and we aim to maximize growth of existing franchises and to deliver pipeline with an average of one product launch or indication per year from We intend to keep our base business organically stable until In Life Science we deliver above-market organic growth by having a broad portfolio that addresses the needs of the scientific community, particularly in high-growth areas, for instance bioprocessing.

    We achieve solid organic sales growth consistently, even during the integration. Our profitability is industry-leading, driven by our e-commerce platform and synergies from the rapid integration of Sigma-Aldrich into our Life Science business sector. In Performance Materials, we expect that our Semiconductor and Surface Solutions business units, which are developing well, will continue to mitigate the consequences of the fiercer competitive environment in our Liquid Crystals business in Going forward, we want to further enhance our degree of diversification.

    In addition, new technologies are in the testing phase. China will remain one of the most strategically important markets for us globally. By focusing on growth contributions from China and driving innovation and digitalization across our business sectors, we are fostering the development and evolution of the Chinese innovation landscape. Our Healthcare business sector continues to aim for very strong growth and is improving the lives of millions of patients in China, in particular with medicines from our General Medicines franchise, for example to treat cardiovascular diseases, as well as our Fertility franchise.

    Our Life Science and Performance Materials business sectors help Chinese companies and research institutes to become more competitive and efficient. Our growth strategy calls for people with diverse experience and backgrounds who work together on the basis of shared values to create innovation and respond flexibly to changing demands. Moreover, it is crucial to be perceived as an attractive employer in the market in order to continue to capture the interest of potential employees.

    "MBO" German translation

    In addition, we were ranked fourth among biotechnology and pharmaceutical companies worldwide by Science magazine, a leading peer-reviewed international scientific publication. In the course of our transformation, our leaders play a key role. They are responsible for driving our strategy forward by building the right competencies, thereby enabling innovation. We therefore place great importance on the continuous advanced training and further development of our leaders.

    This is essential for them to address the diverse needs of their team members and the changing requirements of the businesses and of digitalization. Based on employee feedback and external benchmarking, we are also continuously further developing our existing programs and processes. Developing and marketing innovative products and services are at the forefront of our Group strategy and all the business strategies. Our objective is to foster innovations both within the businesses and between them as well as beyond existing businesses into areas in which we are not yet active.

    In particular, we want to capture the opportunities that digitalization offers in order to create value for patients, customers and business associates. To us, digitalization means the digital integration of our entire value chain, the digitalization of our products, services and communication interfaces to customers as well as the development of new digital business models.

    This is supported by state-of-the-art methods to collect and analyze vast amounts of data. Other examples include a supply chain project with our partner Palantir Technologies, where we are using advanced analytics to better forecast drug demand and to optimize our inventories. This could also play a part in the development of entirely new therapeutic options for patients in the future. Later on it can be used in other areas of the company. Furthermore, we are working Group-wide to expand the physical and virtual infrastructure for technology-driven growth.

    The centerpiece is formed by our Innovation Center in Darmstadt. A modular Innovation Center was opened in April in Darmstadt as a prototype of the new Innovation Center that will be opened in spring The Innovation Center aims to develop entirely new businesses beyond the current scope, bringing together people, technologies, and skills from different areas under one roof. This is expected to lead to new predictive and prescriptive approaches to treat and support patients in the therapeutic areas that we address. We want to offer innovation projects ideal conditions in the Innovation Center to grow into viable new businesses in an environment that provides both entrepreneurial freedom and dedicated support.

    The start-ups receive financial support, training and coaching as well as access to our experts from the businesses. Since the program began in September , we have received more than 2, applications from over 70 countries and have mentored 30 start-ups. Our corporate venture capital fund invests globally in transformational ideas driven by strong entrepreneurs. We take an active role in our portfolio companies and team up with entrepreneurs and co-investors to translate innovation into commercial success. We have a significant focus on early-stage investing and company creation, including the formation of spin-offs to leverage our science and technology base.

    Our corporate venture capital fund currently has an active portfolio of 30 companies. Our Healthcare business sector comprises the three businesses Biopharma, Consumer Health and Allergopharma. The diversity and profound medical expertise we have in these businesses are core strengths and key differentiators in the market. Within each business, we specialize in key therapeutic areas and specific diseases.

    Global megatrends such as a growing world population and an increase in average life expectancy are driving the demand for our healthcare products. To meet these demands and respond appropriately to the dynamics of our healthcare markets, we have significantly transformed our Healthcare business sector in recent years. The ambition of our Healthcare business sector is to become a global specialty innovator, to operate in therapeutic areas with significant unmet medical need and to bring high value to patients and consumers.

    Therefore, we invest heavily in research and development to discover new treatment options and improve existing ones. Together with our stakeholders and partners, we want to ensure that people can access the medicines they need to stay healthy and live longer. The first pillar of our strategy is to reinforce our global footprint by developing our tailored portfolio to address unmet medical needs in all regions worldwide.

    While developed markets such as the United States, Japan and Europe are key strategic markets for our specialty products, sales in growth markets such as China will be driven by both our biologics and broad general medicine and cardiometabolic care portfolios.

    English-German translation for "management by objectives"

    At the same time, it will be essential for us to continue to focus our efforts on growing in the United States in order to realize our ambition of becoming a truly global leader. The second pillar of our strategy is the focus on specialty medicine therapeutic areas. Here, we are concentrating our efforts on oncology, immuno-oncology, as well as neurology and immunology. Our aim is to turn cancer patients into cancer survivors by being at the forefront of changing the future of cancer care.

    Further development programs for neurology and immunology include evobrutinib as a potential treatment for multiple sclerosis, systemic lupus erythematosus as well as rheumatoid arthritis; atacicept as a potential treatment option for lupus patients with high disease activity; and sprifermin as a potential therapy for patients with osteoarthritis of the knee. Our aspiration is to develop high-quality, first-to-market and best-in-disease assets, and to build a portfolio in each of our therapeutic areas. We have streamlined our pipeline and expanded our innovation capabilities with strong investigational drug candidates.

    In this context, strategic collaborations are an integral part of delivering on our commitment to transforming the lives of patients living with serious unmet medical needs. Some 9 million people in and around the Horn of Africa have fled their homes; 7 million people are currently displaced within their own countries and a further 2 million are seeking refuge chiefly in neighbouring states.

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    MBO also places importance on fulfilling the personal goals of each employee. Information on the latest events can also be found here. For us, the principle of long-term thinking and actions applies not only to economic aspects, but also encompasses corporate responsibility. In our Performance Materials business sector, we want to sustainably secure our market and technology leadership in display materials. GIZ publishes a wide range of information and documents about its work, invitations to tender, services and financial agreements. Key to this are new, sophisticated liquid crystal technologies for further asserting our market and technology leadership, especially in the highly competitive Chinese market. Due to our long-term-oriented business approach, bank relationships typically last for many years and are characterized by professionalism and trust.

    Overall, the needs of these people are not being adequately addressed. The absence of state infrastructure and the lack of migration management in the region are contributing significantly to the growth of people smuggling and human trafficking, as migrants are often defenceless and have no alternatives. Tackling these criminal networks requires cooperation between the countries of origin, transit and destination throughout the region.

    However, those countries have limited scope to ensure that cross-border migration takes place in an orderly and humane fashion. It is therefore important to develop a responsible approach to migration management in the region that guarantees adherence to international obligations in order to protect migrants and other people in need of protection. The programme aims to improve migration management in the region, and in particular to address the trafficking and smuggling of migrants within and from the Horn of Africa.

    The priority is to strengthen the rights of migrants and protect them better from violence, abuse and exploitation. The aim is to make migration in the region easier and safer. Human trafficking and people smuggling are cross-border problems. The programme is therefore being planned and implemented on a transnational basis. The values and regulations governing German and European development cooperation are binding, as are the principles and guidelines of the Development Assistance Committee of the Organisation for Economic Co-operation and Development OECD.

    GIZ heads the implementing partnership. They are being implemented on four levels. The services provided by GIZ draw on a wealth of regional and technical expertise and tried-and-tested management expertise. GIZ works to shape a future worth living around the world.

    Its corporate actions are guided by the principles of sustainability. In addition to two registered offices in Germany and two representations in Berlin and Brussels, GIZ operates from around 90 offices worldwide. In addition to the shareholder and the supervisory board, the management board is one of the three statutory organs of a limited liability company under German law GmbH.

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    The Board has up to 40 members who are appointed for a five-year term and who act in an honorary capacity. The Private Sector Advisory Board provides a platform for dialogue between the private sector and international cooperation organisations. It consists of representatives of business and industry associations.

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    They form the basis for the trust placed in us by our clients, partners and staff. Compliance means acting in accordance with legislation, rules, guidelines and codes of conduct. Our integrity advisors are are impartial, autonomous and bound by confidentiality. They can be contacted by clients and GIZ staff alike. The main duty of the ombudsman is to receive in confidence information regarding economic crimes such as corruption, breach of trust or fraud. GIZ has entrusted Dr. Edgar Joussen with this task. Easy access to information increases transparency in international cooperation, and GIZ supports this with the information it provides.

    By communicating and publishing information, GIZ promotes the exchange of knowledge and lessons learned with other organisations. GIZ supports the implementation of international agreements on transparency. GIZ publishes a wide range of information and documents about its work, invitations to tender, services and financial agreements. At GIZ, corporate sustainability is anchored at the top management level. We have also entered into to a number of voluntary commitments. For us, close cooperation and trust between GIZ and organisations involved in international cooperation and sustainable development is crucial.

    GIZ's projects and programmes are regularly reviewed with this in mind.

    GIZ has a wealth of international experience and provides advisory services and projects in more than countries around the globe. In carrying out its work, GIZ can draw on a wealth of tried-and-tested strategies and methodologies and harness its expertise in a variety of different thematic areas. GIZ offers regionally adapted strategies with a view to securing the right to food and making rural development a driver of economic growth. GIZ supports sustainable infrastructure projects that stimulate economic activity and provide the basis for better living conditions.

    We support our partner countries in alleviating the structural causes of violent conflict and developing capacities for peaceful conflict transformation. We strive to promote basic social values such as equal opportunities, solidarity and participation, which form the basis for a peaceful society worth living in. GIZ supports its partners in identifying the many causes of environmental risks and helps modernise environmental policy at all levels. GIZ assists its partner countries in improving economic framework conditions, removing bureaucratic obstacles and establishing suitable support structures.

    GIZ assists its partners in establishing democratic systems and networks across all social groups. Never before have there been as many refugees as there are today. GIZ works across the globe to provide support for refugees and migrants, stabilise host countries and tackle the root causes of displacement. GIZ offers a wide range of services to governments, companies, international institutions and private foundations.

    GIZ supports the German Government in achieving its objectives in the field of international cooperation for sustainable development. GIZ supports the EU in a variety of ways, from expert advice to practical project implementation. GIZ operates on behalf of not only the German Government, but also international organisations and other countries. Governments and institutions around the world commission GIZ to implement their national programmes for driving forward sustainable development.

    GIZ contributes to sustainable development around the world: GIZ is a forward-thinking company offering a range of job opportunities in diverse fields across the globe.