HR-People Management Flashcards
What is MBO?
Management by Objectives.
How MBO works?
- All employees are given objectives on which performance is based.
- These objectives are aligned with the Company’s goals and directions.
- Related to the key areas of the job description.
- Connected to the individual’s development plan.
What is the MBO’s goal?
MBO goal is to ensure that corporate goals are understood and cascaded across all levels of the organization in a coordinated manner
Cons and pros for MBO?
- *Pros:** Specific for current task, measurable, attainable, realistic, time bounded. (SMART)
- *Cons**: Change over a year, change of location, change of manager at middle of the year.
How many major objectives can we have?
No more than 8.
What do you consider as motivation factors?
Hint 6
Recognition, Responsibility, Autonomy, Support, Training, Challenge
What do you consider as de-motivation factors?
Salary, job security, not be supported by management, lack of any motivation factors, wasted time.
How many Groups and Segments on OFS organization?
19 product lines, between 2 grpups
- Reservoir and infrastructure
- Wells
Definition of Geomarkets
A GeoMarket is a country or group of countries managed under one structure. Through the GeoMarkets, we understand our customers’ needs, build relationships with the communities in which we work, and provide excellence in service delivery.
How Geomarket is divided?
- 10 Goemarkets at Eastern Hemisphere
- 6 Geomarkets at Wester Hemisphere
- North America Land Production – One Stim
Mention the 6 Geomarkets at Western Hemisphere:
- Latin America North (LAN)
- Latin America South (LAS)
- Mexico & Central America (MCA)
- North America Land (NAL)
- North America Offshore (NAO)
- Venezuela (VEN)
Mention the 10 Geomarkets at Easter Hemisphere
- North Africa (NAF)
- Sub-Sahara Africa (SSA)
- United Kindom & Continental Europe (EUR)
- Norway & Denmark (SCA)
- Russia & Central Asia (RCA)
- Eastern Middle East (EME)
- Northern Middle East (NME)
- Saudi Arabia & Bahrain (KSA)
- South & East Asia (SEA)
- Far East Asia & Australia (FEA)
What REMS stand for? Is it part of OFS organization?
Research, Engineering, Manufacturing and Sustaining Centers. And yes, it is part of OFS organization.
What is a matrix organization and how does it work in SLB?
Matrix organization is idea that people or departments at the same levels are working together, it is not the classic vertical structure. Line management normally reports to two different bosses. Two different reports, direct and functional managers.
