Management By Objectives

Question

13 Jul 2023

Answer :

Word Count : 467

Management by Objectives (MBO) is a management approach that aims to align organizational goals and individual objectives to enhance performance and achieve desired outcomes. It was introduced by Peter Drucker in the 1950s and has since been widely adopted by organizations around the world. MBO involves setting clear and specific objectives, regularly reviewing progress, and providing feedback to employees.

The main principle of MBO is that objectives should be established collaboratively between managers and employees. This process encourages employee involvement and ensures that goals are realistic and attainable. By involving employees in the goal-setting process, MBO fosters a sense of ownership and commitment, increasing motivation and engagement.

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