Management by objectives (MBO) involves setting specific goals and objectives within a company, with employees actively involved in the decision-making process. Benefits include increased employee motivation and communication, but downsides include potential unrealistic goals and measuring employee performance against an ideal model. Also known simply as MBO, management by objectives is a strategy that focuses […]

Management by objectives (MBO) is a strategy that involves setting specific goals for a company and involving all parties in the decision-making process. It can improve employee motivation and communication, but may also lead to unattainable goals and unrealistic expectations for employee performance. Also known simply as MBO, management by objectives is a strategy that […]