Question

Who firstly introduced the concept of management by objectives?

Answer 1

Answer:

Peter Drucker first used the term "management by objectives" in his 1954 book The Practice of Management. While the basic ideas of MBO were not original to Drucker, they pulled from other management practices to create a complete “system”.

Answer 2

                               MBO;                

Management by objectives (MBO), also known as management by results (MBR), was first Introduced by Peter Drucker in his 1954 book The Practice of Management.

Explanation:

• Management by Objectives is a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed by both management and employees.
• It is a process through which specific goals are set collaboratively for the organization as a whole and every individual and unit within the organization.
• The goals are then used for planning, managing organizational activities and assessing and rewarding contributions.
• It is based on the assumption that people perform better when
• a. they know what is expected from them
• b. Can relate their personal goals to organizational objectives.
• MBO plans for result instead of planning just for work for a specified amount of time.
• It provides for greater efficiency and motivation among employees.

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