Management by Objectives | Complete Guide 2022

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Topic Covered:

00:00 Introduction
00:06 What is MBO?
00:42 Process of Management by Objectives
03:40 Advantages of Management by Objectives
04:46 Limitations of Management by Objectives
06:26 Resource & Article
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Brief Description

Management by Objectives

Management by Objectives (MBO) is a strategic management technique in which measurable goals are set by a joint effort of senior and subordinate and the contribution of each individual is measured in terms of their accomplishment of the goals.

The goals set in MBO are not unilaterally set by the superior or imposed on the subordinates. These identified goals are set in close consultation with subordinates.

In 1954, Peter Drucker coined the term Management By Objective in his book, The Practice of Management.

MBO is an autonomous and participative style of management. The concept has become popular these days as a rewarding style of management. It focuses concentration on the achievement of objectives through partaking and involvement of all concerned persons.
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