Question
Management by Objectives (MBO)
Answer :
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Management by objectives (MBO), also known as management by results (MBR), is a process of defining objectives within an organization so that management andemployees agree to the objectives and understand what they need to do in the organization in order to achieve them.
The MBO process consists of five steps:
- Review organizational objectives: The manager gains a clear understanding of organization's overall objectives.
- Set worker objectives: The manager and worker meet to agree on worker objectives to be reached by the end of normal operating period.
- Monitor progress: At periodic intervals during the normal operating period, the manager and
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