Discuss the concept of ‘Management by Objectives’.

Question

03 Apr 2023

Answer :

Word Count : 399

Management by Objectives (MBO) is a performance management approach that emphasizes the importance of setting specific, measurable, achievable, relevant, and time-bound (SMART) objectives to achieve organizational goals. MBO involves setting goals, monitoring progress, and providing feedback to employees to ensure that their actions align with the organization's objectives.

The concept of MBO was first introduced by management guru Peter Drucker in his book "The Practice of Management" published in 1954. According to Drucker, the MBO approach requires managers to work with employees to set specific objectives for their performance and to ensure that those objectives are aligned with the __________ _________ ____ __________ _______ _____ __________ _______ ___ ______ _________.
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