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
17,627,270 questions answered
Popular Conversations
Simplify the expression. (3x - 1)(x^2 + 2x - 4) User: 3x+2(x+5) ...
Weegy: 1+tan^2(x) = sec^2(x) 1+cot^2(x) = csc^2(x) (1+tan^2(x)) / (1+cot^2(x) = sec^2(x) / csc^2(x) = ...
10/1/2014 1:46:20 AM| 3 Answers
antonym of prevented ...
10/1/2014 9:05:38 AM| 3 Answers
what is the square root of 2?
Weegy: 4^(square root of 2) = 7.10299330132 User: what is the square root of 3? Weegy: A divisor of a quantity that ...
10/1/2014 11:05:32 AM| 3 Answers
Which of the following is correct? A. The purine G bonds with the ...
Weegy: B. The purine C bonds with the pyrimidine G. User: The purines in DNA are A. thymine and ...
10/1/2014 2:38:30 PM| 3 Answers
Habeas corpus law
10/1/2014 7:12:34 AM| 2 Answers
Simplify the expression.(3 + i) - (2 - 2i)
Weegy: 3-3 = 0 User: What is the expression in factored form 9x2 - 12x + 4 A. (-3x - 2)2 B. (-3x + 2)(3x - 2) C. (3x ...
10/1/2014 9:57:26 AM| 2 Answers
consumer rights.
Weegy: A consumer is a person or group of people that are the final users of products generated within a social system. ...
10/1/2014 10:14:56 AM| 2 Answers
People who have a common cultural background and a common sense of ...
Weegy: People who have a common cultural background and a common sense of identity is a people of race. User: The ...
10/1/2014 10:50:53 AM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
Points 131 [Total 9612]| Ratings 0| Comments 131| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 73 [Total 12448]| Ratings 0| Comments 73| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 43 [Total 12272]| Ratings 0| Comments 43| Invitations 0|Offline
S
1
L
L
Points 35 [Total 5829]| Ratings 0| Comments 35| Invitations 0|Offline
S
P
C
L
P
L
1
Points 16 [Total 6250]| Ratings 0| Comments 16| Invitations 0|Offline
S
Points 10 [Total 10]| Ratings 1| Comments 0| Invitations 0|Offline
S
1
L
1
Points 10 [Total 3354]| Ratings 1| Comments 0| Invitations 0|Offline
S
Points 2 [Total 37]| Ratings 0| Comments 2| Invitations 0|Offline
S
Points 1 [Total 214]| Ratings 0| Comments 1| Invitations 0|Offline
S
1
L
Points 1 [Total 3077]| Ratings 0| Comments 1| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.