Management by Objectives (MbO) is a principle adopted by many multinational corporations around the world. It is based on the assignment and the achievement of individual objectives at each level, to have all the energies of the company directed towards well-defined and specific goals. The MbO system is characterized by three fundamental moments: planning (choice and assignment of objectives), evaluation (judging the achievement of the goals) and incentives (the calculation of rewards after the achievement of the goals).
Managing them, assessing their progress and calculating incentives is certainly not an easy thing to do. That's why companies use complicated and sophisticated software. That's why companies come to us.
Elfo has a great deal of experience in this field. For years, we have been involved in the design, development and management of the system for measuring the achievement of the objectives of Kraft Heinz, a multinational company that makes of MbO a real lifestyle.
Today, thanks to the system designed and maintained by Elfo, more than ten thousand users around the world can have a precise and detailed picture of their goals, the level of achievement and of any other type of information needed. The platform, deployed on cloud and therefore usable by every device outside the internal network, allows you to control your KPIs and manage your strengths and weaknesses through the appraisals.
Our software has become one of the most widely used ones by the U.S. food giant (with a turnover of 26 billion in 2018, the fifth largest multinational in the world in its business, managing more than 28 brands and thirty-eight thousand employees, all needing high quality, competence, speed and problem-solving very high capabilities), as it allows to automate the processes of assigning goals, evaluating their achievement and calculating the rewards and incentives associated with each goal. These are all very complicated and delicate operations, which have a significant impact on the company's balance sheets and the lives of employees. There is no margin for error.
Managing a project like Kraft Heinz's MbO does not mean creating a product to be sold to other companies in other businesses. Our software is in continuous development, to make it effective, precise and very functional. Elfo team is in daily contact with the main key users, who are informed of every upgrade and actively involved into it. Tat’s the right way to have a tailor-made tool that can fulfill all business needs.
Elfo has been working with Kraft Heinz for over thirty years (even before Heinz merged with Kraft in 2015) creating whit them a relationship of trust and meaningful collaboration. Working with companies like this allows us to deal with important businesses, to grow and acquire extraordinary know how and skills, which can also help us achieve extraordinary goals.