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Management by Objective (MBO)
Management by Objective (MBO)
A method whereby managers and employees define objectives for every department, project, and person and use them to monitor subsequent performance. This method was developed by Peter Drucker
Set Goals
Review Progress
Key Assumptions
Individual has greater part in ones own work decision and purposes. It is an excellent way of managing. It applies to all the managers and functional organisations
Helps to mesh together the various functions for the achievement organizational goal. Helps greater objectivity with its emphasis on results. Maintains pressure of hierarchy More emphasis on teamwork