Discuss in detail the management by objectives approach (MBO) and explain the three basic parts included in most MBO programs. Also discuss factors that are essential to the success of a management by objectives (MBO) program. Give examples (250 words)
Management by objectives is a systematic management technique, introduced by Peter Drucker, to help organizations set goals and attain results in a directed fashion. It involves the meeting of supervisors and their employees on a regular basis so that goals are aligned. Employees are given input about their objectives, time lines for completion, and goals are tracked in an ongoing manner. One of the benefits of this method is ongoing monitoring of the process so that employees stay on track. This helps with organizational focus because it helps avoid everyday activities ...
This solution describes management by objective (MBO). In includes the three basic parts included in most MBO programs. Also discusses factors that are essential to the success of a management by objectives (MBO) program, gives examples and has helpful link.