What is MBO? Meaning
Management By Objectives (MBO) was introduced past times Peter Drucker inwards 1954. In MBO, the subordinate (junior or lower level) managers are allowed to participate inwards blogspot.com//search?q=planning-first-primary-important">planning as well as blogspot.com//search?q=planning-first-primary-important">controlling activities. They are allowed to participate inwards the blogspot.com//search?q=planning-first-primary-important">decision-making process. In MBO, the superior as well as subordinate managers jointly attain the objectives of the blogspot.com//search?q=planning-first-primary-important">organisation. They collectively brand the plans to attain these objectives. They besides collectively monitor (evaluate) the surgery of the subordinate managers.
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So, inwards MBO, at that spot is a Two-Way communication. It increases the morale of the subordinate managers. It motivates them to operate difficult as well as attain the objectives. This leads to to a greater extent than as well as meliorate results. MBO is result-oriented. It leads to meliorate planning as well as controlling. It leads to proficient squad work. MBO besides helps to develop as well as develop the subordinate managers.
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Definition of MBO
According to George S. Odiorne, MBO happens when,
"The superior as well as subordinate managers of an organisation jointly define its mutual goals, define each individual's major areas of responsibleness inwards price of the results expected of them as well as purpose these measures every bit guides inwards operating the unit of measurement as well as 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.
- blogspot.com//search?q=planning-first-primary-important">Four stages or steps inwards 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.
