Question

Define mbo. State the objectives of mbo. Discuss in details the process of mbo.

Answer 1

Answer:

Management by objectives (MBO) is a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.

MBO aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees. MBO is effectively applied to achieve organizational goals by meaningfully involving the employees of the entire organization to achieving these goals.

The six steps involved in the process of MBO are determining organizational goals, determining employees' objectives, constantly monitoring progress and performance, performance evaluation, providing feedback and performance appraisal.