what are the major advantages of MBO
Answers
MBO :- Management By Objectives
MBO is a system for improving performance of both individual managers and whole enterprise by setting objectives of enterprise with respect to superiors and their subordinates together.
Advantages:
1.In MBO subordinates also participate in setting of objectives or goals. That will ensure the involvement of everyone. That will create a sense of personal responsibility and commitment.
2.Provides an opportunity to improve their performance.
3.Provide definite performance standards.
4.All level managers are involved in settings goals and objectives , so they will be able to understand their role in the entire organization.
5.Will encourage motivation to subordinates and will result in improvement of their perspective towards work.
6.Each individual in the organization will be known about the overall objectives of the organization.
7.Build morale between managers and subordinates.