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The management by objectives in banks: the Polish case

Author

Listed:
  • Jerzy Kaźmierczyk

    (Poznań University of Economics and Business, Poland)

  • Jerzy Kaźmierczyk

    (Tyumen State University, Russian Federation)

  • Mateusz Aptacy

    (Poznań University of Economics and Business, Poland)

Abstract

This paper examines the occurrence of Management by Objectives system in banks in Poland. According to the theory, MBO should be applied to the entire organization; however, in practice MBO is often used only in selected parts of the organization. The purpose of this study was to investigate the segmentation of MBO in banks, according to the job position, job seniority, educational and gender aspects individually. Firstly, grounded on the literature, this article describes the characteristics of MBO and the rewarding plans for the achievement of objectives. The survey among bank employees helped to accomplish the research aim undertaken in this article. Based on conducted research, empirical subsection shows the results of the study in comparison to the analysis made by other authors. The results revealed the diversity in using MBO in banks in Poland. Furthermore, showed that male employees in banks are covered by the Management by Objectives system more frequently than females, and that bank staff with tertiary education are subject to the Management by Objectives more often than employees with secondary education.

Suggested Citation

  • Jerzy Kaźmierczyk & Jerzy Kaźmierczyk & Mateusz Aptacy, 2016. "The management by objectives in banks: the Polish case," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 4(2), pages 146-158, December.
    • Handle: RePEc:ssi:jouesi:v:4:y:2016:i:2:p:146-158
    DOI: 10.9770/jesi.2016.4.2(3)
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    References listed on IDEAS

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    1. Christopher Jepsen & Kenneth Troske & Paul Coomes, 2014. "The Labor-Market Returns to Community College Degrees, Diplomas, and Certificates," Journal of Labor Economics, University of Chicago Press, vol. 32(1), pages 95-121.
    2. Fabian Muniesa & Dominique Chabert & Marceline Ducrocq-Grondin & Susan V. Scott, 2011. "Back-office intricacy: the description of financial objects in an investment bank," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 20(4), pages 1189-1213, August.
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    Citations

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    Cited by:

    1. Vladimir Davydenko & Jerzy Kaźmierczyk & Gulnara Fatykhovna Romashkina & Elżbieta Żelichowska, 2017. "Diversity of employee incentives from the perspective of banks employees in Poland - empirical approach," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(1), pages 116-126, September.
    2. Bozena Chovancova & Vladimir Gvozdiak & Zoltan Rozsa & Rahman Ashiqur, 2019. "An Exposure of Commercial Banks in the Terms of an Impact of Government Bondholding with the Context of Its Risks and Implications," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 15(1), pages 173-188.
    3. Pushkareva, Lyudmila & Galochkina, Olga & Bezgacheva, Olga, 2018. "Current trends in the banking system of Russia," MPRA Paper 97386, University Library of Munich, Germany.
    4. Vladimir Davydenko & Jerzy Kaźmierczyk & Gulnara Fatykhovna Romashkina & Elżbieta Żelichowska, 2017. "Diversity of employee incentives from the perspective of banks employees in Poland - empirical approach," Post-Print hal-01766506, HAL.
    5. Kazmierczyk Jerzy & Tarasova Anna & Andrianova Elena & Baszynski Adam, 2019. "Factors Affecting the Use of Outplacement in the Banking Sectors of Poland and Russia," Management, Sciendo, vol. 23(2), pages 263-280, December.
    6. Jerzy Kaźmierczyk & Jerzy Kaźmierczyk, 2019. "Workforce segmentation model: banks' example," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 1938-1954, June.
    7. Jerzy Kazmierczyk & Daria Figas & Maria Akulich & Ireneusz Jazwinski, 2021. "Mobbing in Banks: The Role of Gender and Position on the Process of Mobbing in Banks in Poland and Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 697-714.

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    More about this item

    Keywords

    HRM; management by objectives; banks; Poland;
    All these keywords.

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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