Management by Objectives (MBO) is a result-centred, non-specialist, operational managerial process for the effective utilisation of the material, physical and human resources of the organisation by integration the individual with the organisation and the organisation with the environment. At its best, management by objectives is a system that integrates the company goals of profit and growth with the managers needs [...]
Everything you need to know about the advantages and disadvantages of management by objectives. MBO is not a panacea, a cure for all organisational problems. Quite often, many organisations look at MBO as an instant solution to their problems. They fail to recognize that MBO demands careful planning and implementation to be successful. MBO calls for regulating the entire process [...]
Everything you need to know about the process of management by objectives. MBO has been described as a "process whereby the superior and subordinate managers of an organization jointly identify its common goals, define each individual's major areas of responsibility in terms of results expected of him and use these measures or guides for operating the unit and assessing the [...]