Management by Objectives (German Edition)

These include BioControl Systems to strengthen our leadership in biomonitoring, specifically in the food and beverage sector, as well as Grzybowski Scientific Inventions to boost capability in chemical synthesis, and Natrix Separations to advance in next-generation bioprocessing.

Based on a broad assessment of the market, competitive landscape and key industry trends, in we identified several strategic initiatives in important growth areas. For example, in genome editing and novel modalities, we have built intellectual property in key areas, with patents granted in the European Union, Australia, Canada, and Singapore. The patents provide protection of our CRISPR technology, while giving scientists the ability to advance treatment options for the toughest medical challenges.

In our Performance Materials business sector, we want to sustainably secure our market and technology leadership in display materials. In addition, we want to leverage our expertise in liquid crystals beyond the application field of displays. At the same time, we benefit from the trends in the semiconductor industry, continue to lead the market in pearlescent pigments, and share in the growth of the cosmetics industry.

Global demand for innovative display solutions grew further in recent years. We assume that increasing demand for high-quality consumer goods will come from an expanding middle class in growth markets in the coming years, too. Therefore, we aim to continue to strengthen our position as the market and technology leader for liquid crystals.

Key to this are new, sophisticated liquid crystal technologies for further asserting our market and technology leadership, especially in the highly competitive Chinese market. In , we sold the first quantity of our eco-friendly, resource-conserving and efficient liquid crystal technology SA-VA self-aligned vertical alignment for manufacture of large-area LC displays. In , we opened the first production facility for switchable liquid crystal window modules in Veldhoven, the Netherlands.

It is our declared goal to strengthen our position as a leading global supplier of OLED materials. Continuous investments in research and development at the Darmstadt site as well as application laboratories at the Asian sites make an essential contribution to this. The opening of a new application laboratory in Shanghai is planned for The great potential of OLED technology is confirmed by the development of the display market. OLED-based smartphone displays are the standard among all premium suppliers.

The advantages offered by self-luminous OLED displays, such as intense colors, an especially deep black, thin structure, flexible use and low energy consumption are of importance here. The Integrated Circuit Materials business unit supports the entire semiconductor industry with a portfolio of customized solutions.

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Increasingly higher storage capacity, faster process performance and lower power consumption are being demanded by the semiconductor industry. In addition, market trends such as mobility, Big Data and the Internet of Things are leading to higher demand for semiconductor materials and higher specialization at the same time. We are continuing to defend our good market position in plastics, printing and cosmetics applications. Here we are focusing on high-quality products and innovations.

In functional materials, the focus of our growth strategy continues to be on niche applications in cosmetics such as UV filters, insect repellents and anti-aging substances as well as technical functional materials. In the latter, we see great growth potential for laser-marking additives and for novel coating materials. With these and further innovative product groups we will drive our growth in segments beyond our established markets. Besides a broad portfolio for the innovative LED industry, these also include organic photovoltaics and materials for flexible display technologies.

In accordance with the Performance Materials strategy, our projects for future business fields are aligned to megatrends such as miniaturization and the Internet of Things. The LC strategic initiative is to significantly contribute to our future growth and continue to generate attractive margins. Under the umbrella of the LC strategic initiative, we are combining future applications of liquid crystals beyond classic displays. In six fields altogether, we are focusing on improved user experience, on the one hand, and light and data management, on the other.

First and foremost, this comprises liquid crystal windows. In Veldhoven, the Netherlands, we opened the first production facility for modules used in LC windows with sun protection and privacy control. In , we want to focus even more strongly on the needs of our customers and markets.

Therefore, in December , we announced that we will combine our expertise in three newly created business units, which are aligned to our target markets: We ensure that we meet our obligations at all times and adhere to a conservative and proactive funding strategy that involves the use of various financial instruments.

We have diversified and profitable businesses as the basis for our strong and sustainable cash flow generation capacity. Moreover, we have several funding resources in place. The facility is a pure back-up credit facility and has not been drawn on so far. Within the scope of this program, we can issue short-term commercial paper with a maturity of up to one year. Additionally, the bond market generally represents a key element. However, owing to our focus on deleveraging, no bonds were issued in The most recent bond issues took place in and in connection with the acquisition of Sigma-Aldrich.

A hybrid bond, a U. The use of various instruments provides a broad financing basis and addresses different investor groups. We mainly work with a well-diversified, financially stable and reliable group of banks. Due to our long-term-oriented business approach, bank relationships typically last for many years and are characterized by professionalism and trust. The banking group consists of banks with strong capabilities and expertise in various products and geographic regions.

We regard these banks as strategic partners. Accordingly, we involve them in important financing transactions. A strong investment-grade rating is an important cornerstone of our financial policy, as it safeguards access to capital markets at attractive financial conditions.

Continuing to reduce our debt, as in , is of utmost importance to us. We are pursuing a sustainable dividend policy. Provided that the economic environment develops in a stable manner, the current dividend represents the minimum level for future dividend proposals. The dividend policy is oriented towards the business development and earnings increase of the coming years. However, dividend growth could deviate, for example, within the scope of restructuring or in the event of significant global economic developments.

Objectives and Strategies General principles and Group strategy General principles Our company is a vibrant science and technology company. Group strategy Over the past decade, our company has transformed itself from a classic supplier of chemicals and pharmaceuticals into a global science and technology company.

MBO also places importance on fulfilling the personal goals of each employee.

Objectives and Strategies

There are endless ways to exercise management by objectives. 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. 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.

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.

Management by objectives

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.

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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.

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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.

English-German translation for "management by objectives"

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. GIZ offers personal career development, a work-life balance, and an exceptional package of social benefits. GIZ is always on the lookout for experienced and committed individuals for its work around the globe.

GIZ reports regularly on job opportunities within the company for new recruits and existing staff members. Find out more about what we do through our news and publications. Information on the latest events can also be found here.

MBO : German » English | PONS

Better Migration Management Project description Programme title: Objective 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. Approach Human trafficking and people smuggling are cross-border problems. Regionally coordinated migration policies are therefore being drawn up in cooperation with the national institutions responsible for dealing with refugees and migrants and for prosecuting human traffickers and people smugglers.

It is also planned to set up national interministerial consultation bodies where all relevant issues surrounding migration will be coordinated. The aim here is to refine the existing strategy on combating human trafficking and put an appropriate plan of action in place. Strengthening of institutions that combat human trafficking , for example by improving cooperation between investigators, public prosecutors and magistrates on the effective prosecution of human traffickers In selected countries it is planned to offer training courses for border officials on the rights of migrants and refugees so as to ensure respect for human rights and put the officials in a better position to identify vulnerable migrants and refugees and refer them to appropriate aid programmes.

There are also plans in Kenya and Eritrea, for example, to run training courses for investigators and judicial officers to enable them to take more effective action against human smuggling. Protection and support for migrants , for example by establishing safe houses and mobile teams providing legal advice and psychosocial support; assistance with the voluntary return of migrants At present, many refugees are defenceless against violence, enslavement and rape. The programme intends to take effective action to rectify this, for example by offering protection in safe houses for victims of trafficking and violence, especially women and children.

These are places where they can stay in safety and be looked after quickly. Initial appraisals have already taken place in Kenya and Ethiopia. In addition, in Djibouti the programme is supporting a health centre in the Obock refugee camp that treats both migrants and the local population. In collaboration with the centre it is intended to set up five mobile health teams to provide first aid for migrants on the refugee routes. In early it also proved possible to enable about Ethiopian migrants to return home voluntarily. They had migrated southwards in search of better income-earning opportunities and had been arrested in Zambia and Malawi.

Other languages French version: Pour une meilleure gestion des migrations. October March November June December Identity GIZ works to shape a future worth living around the world. Organisation In addition to two registered offices in Germany and two representations in Berlin and Brussels, GIZ operates from around 90 offices worldwide. Organisation To overview page Management Board 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.

Stakeholdings To overview page sequa gGmbH. Board of Trustees The Board of Trustees advises the company on key issues relating to its development. Private Sector Advisory Board The Private Sector Advisory Board provides a platform for dialogue between the private sector and international cooperation organisations.