Practical aspects of the use of the central management information system for management by objectives in a large universal comercial bank

Every large organization has problems coordinating the activities of all the employees. We study the practical aspects of using a main Management Information System , called MIS, to enable management by objectives. This method called MBO can be applied for a large audience, including the widely understood management of a company and consultants (sellers) whose job involves direct contact with customers. This paper presents a study of the phases of determining the specific sets of tasks for the financial year and the principles of their normalization (standardization).We discuss the necessary functionality of the MIS (or precisely - the applications which support the MBO process), which enables participants of the MBO process to create and maintain a list of task definitions at every level of the organization structure of a company.