What is MBO? Meaning
Management By Objectives (MBO) was introduced yesteryear Peter Drucker inward 1954. In MBO, the subordinate (junior or lower level) managers are allowed to participate inward blogspot.com//search?q=planning-first-primary-important">planning in addition to blogspot.com//search?q=planning-first-primary-important">controlling activities. They are allowed to participate inward the blogspot.com//search?q=planning-first-primary-important">decision-making process. In MBO, the superior in addition to subordinate managers jointly cook the objectives of the blogspot.com//search?q=planning-first-primary-important">organisation. They collectively brand the plans to plow over these objectives. They likewise collectively monitor (evaluate) the functioning of the subordinate managers.
Image Credits © Ahmed Ali Abul Hassan Ahmed.
So, inward MBO, at that topographic point is a Two-Way communication. It increases the morale of the subordinate managers. It motivates them to function difficult in addition to plow over the objectives. This leads to to a greater extent than in addition to improve results. MBO is result-oriented. It leads to improve planning in addition to controlling. It leads to skillful squad work. MBO likewise helps to prepare in addition to develop the subordinate managers.
Definition of MBO
According to George S. Odiorne, MBO happens when,
"The superior in addition to subordinate managers of an organisation jointly define its mutual goals, define each individual's major areas of responsibleness inward damage of the results expected of them in addition to role these measures equally guides inward operating the unit of measurement in addition to assessing the contribution of each of its members."
MBO Articles
Read to a greater extent than articles on the concept of MBO i.e. Management yesteryear Objectives.
- blogspot.com//search?q=planning-first-primary-important">Four stages or steps inward the MBO process.
- blogspot.com//search?q=planning-first-primary-important">Benefits or advantages of MBO process.
- blogspot.com//search?q=planning-first-primary-important">Management By Objectives (MBO) - Peter Drucker.
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