Management By Objectives (MBO): Definition, Objectives, Steps, Examples, and Pros/Cons
What is Management by Objectives (MBO)? Management by Objectives (MBO) is a systematic approach to guide employees and organizations by setting clear goals. It involves defining specific objectives within a company to provide direction and purpose for its workforce. Peter Drucker, an influential management author, introduced this concept in 1954. In MBO, both management and … Read more