You have new items in your feed. Click to view.
Question and answer
4. What is MBO? Why it is significant in management process? Can a manager be successful without following MBO concept? Also compare MBO with MBE.
Management by objectives (MBO) is a process of defining objectives within an organization so that management and employees agree to the objectives and understand what they need to do in the organization. The term "management by objectives" was first [ popularized by Peter Drucker in his 1954 book 'The Practice of Management'.[1] The essence of MBO is participative goal setting, choosing course
of actions and decision making. An important part of the MBO is the measurement and the comparison of the employee’s actual performance with the standards set. Ideally, when employees themselves have been involved with the goal setting and choosing the course of action to be followed by them, they are more likely to fulfill their responsibilities. According to George S. Odiorne, the system of management by objectives can be described as a process whereby the superior and subordinate managers of an organization jointly identify its common goals, define each individual's major areas of responsibility in terms of the results expected of him, and use these measures as guides for operating the unit and assessing the contribution of each of its members.[2] Reference: ]
Expert answered|OneRepublic|Points 395|
Question
Asked 2/14/2012 1:44:09 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
4. What is MBO? Why it is significant in management process? Can a manager be successful without following MBO concept? Also compare MBO with MBE.
Weegy: Management by objectives. And it is significant becasue (More)
Question
Expert Answered
Asked 2/14/2012 1:51:11 PM
0 Answers/Comments
25,962,999 questions answered
Popular Conversations
The organizational structure of a corporation permits: a. the company ...
Weegy: The organizational structure of a corporation permits a. the company management to elect the Board of ...
8/28/2016 11:26:05 PM| 2 Answers
Communication is considered ethical if it ...
8/29/2016 10:21:58 AM| 2 Answers
It is computed when the data is discrete and therefore incremental ...
Weegy: Arc elasticity. User: Goods & services used for final consumption is called
8/28/2016 12:49:28 AM| 1 Answers
Weegy Stuff
S
Points 782 [Total 853] Ratings 5 Comments 732 Invitations 0 Offline
S
1
L
Points 643 [Total 1477] Ratings 3 Comments 613 Invitations 0 Online
S
L
P
P
P
P
Points 639 [Total 3894] Ratings 0 Comments 639 Invitations 0 Offline
S
Points 151 [Total 151] Ratings 0 Comments 151 Invitations 0 Offline
S
Points 58 [Total 285] Ratings 0 Comments 58 Invitations 0 Offline
S
L
P
P
P
Points 46 [Total 3862] Ratings 0 Comments 46 Invitations 0 Offline
S
Points 40 [Total 45] Ratings 0 Comments 0 Invitations 4 Offline
S
Points 15 [Total 15] Ratings 0 Comments 5 Invitations 1 Offline
S
L
C
Points 11 [Total 4491] Ratings 1 Comments 1 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.