| Scott Ringlein Home | | | | Management by objectives (MBO) is a process of |
| Foundations give out grants to other NPOs, or | | | | agreeing upon objectives within an organization so |
| fellowships and direct grants to participants. However, | | | | that management and employees agree to the |
| the name foundations may be used by any | | | | objectives and understand what they are in the |
| not-for-profit corporation — even volunteer | | | | organization. |
| organizations or grass roots groups. | | | | Scott has a B.S. in Mechanical Engineering from Lake |
| Applying Germanic or Nordic law (e.g., Germany, | | | | Superior State University and a M.S. in Manufacturing |
| Sweden, Finland), NPOs typically are voluntary | | | | Engineering from Eastern Michigan University. In his |
| associations, although some have a corporate | | | | spare time he is the Chelsea, Michigan SCORE |
| structure (e.g. housing cooperatives). Usually a | | | | Counselor and also a counselor for the Ann Arbor, |
| voluntary association is founded upon the principle of | | | | Michigan SCORE Chapter. Scott has two children ages |
| one-person-one-vote. | | | | 9 and 14 and resides in Chelsea and Mio, Michigan. |
| South Africa | | | | Scott Ringlein Management : Revisiting the business |
| In South Africa, charities issue a tax certificate when | | | | plan |
| requested by donors which can be used as a tax | | | | Cost overruns and revenue shortfalls |
| deduction by the donor. | | | | Cost and revenue estimates are central to any |
| Scott Ringlein Home :It was only after World War II, | | | | business plan for deciding the viability of the planned |
| in the wake of the development of the international | | | | venture. But costs are often underestimated and |
| trade led by the USA, that management consulting | | | | revenues overestimated resulting in later cost |
| emerged in Europe. The current trend in the market | | | | overruns, revenue shortfalls, and possibly non-viability. |
| is a clear segmentation of management consulting | | | | During the dot-com bubble 1997-2001 this was a |
| firms. | | | | problem for many technology start-ups. However, |
| About Scott Ringlein | | | | the problem is not limited to technology or the |
| Management by objective | | | | private sector; public works projects also routinely |
| For more details on this topic, see Management by | | | | suffer from cost overruns and/or revenue shortfalls. |
| objectives. | | | | |