What is MBO? Meaning
Management By Objectives (MBO) was introduced past times Peter Drucker inward 1954. In MBO, the subordinate (junior or lower level) managers are allowed to participate inward planning in addition to controlling activities. They are allowed to participate inward the decision-making process. In MBO, the superior in addition to subordinate managers jointly range the objectives of the organisation. They collectively brand the plans to laissez passer these objectives. They every bit good collectively monitor (evaluate) the functioning of the subordinate managers.
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So, inward MBO, at that topographic point is a Two-Way communication. It increases the morale of the subordinate managers. It motivates them to operate difficult in addition to laissez passer the objectives. This leads to to a greater extent than in addition to ameliorate results. MBO is result-oriented. It leads to ameliorate planning in addition to controlling. It leads to practiced squad work. MBO every bit good helps to develop 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 every bit 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 past times Objectives.
