What do you understand by “Management by Objectives”? Expl

Question

What do you understand by “Management by Objectives”? Explain its role as a monitoring and controlling tool.

30 Aug 2022

Answer :

Word Count : 369

Management by objectives (MBO), also known as management by planning (MBP), was first popularized by Peter Drucker in his 1954 book The Practice of Management. Management by objectives is the process of defining specific objectives within an organization that management can convey to organization members, then deciding how to achieve each objective in sequence. This process allows managers to take work that needs to be done one step at a ___ __________ __________ ___ ____ _____ _______ ______ ____.
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