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. According to the theory, having a say in goal setting and action plans encourages participation and commitment among employees, as well as aligning objectives across the organization.
=>> Management by objectives (MBO) is a strategic management model that aims to improve organizational performance by clearly defining objectives that are agreed to by both management and employees.
=>> According to the theory, having a say in goal setting and action plans encourages participation and commitment among employees, as well as aligning objectives across the organization.
=>> The strategy was formulated by Peter Drucker in the 1950s, detailing five steps that organizations should follow.
=>> Critics of MBO argue that it leads to employees trying to achieve the set goals by any means necessary, often at the cost of the company.
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