GENERAL KNOWLEDGE

Detailed explanation-1: -Management by Objectives (MBO) is a personnel management technique where managers and employees work together to set, record and monitor goals for a specific period of time. Organizational goals and planning flow top-down through the organization and are translated into personal goals for organizational members.

Detailed explanation-2: -There are five steps: Define objectives, share them with employees, encourage employees to participate, monitor progress, and finally, evaluate performance and reward achievements. Critics of MBO argue that it leads to employees trying to achieve the set goals by any means necessary, often at the cost of the company.

Detailed explanation-3: -MBO is an acronym for Management by Objectives. It can be defined as a management system that measures employees’ performance against a series of set targets or goals to gauge their overall performance in their role. These objectives are often tied into those set for the overall business or department.

Detailed explanation-4: -Management by Objectives (MBO) This performance appraisal method is used to match the overarching organizational goals with objectives of employees effectively while validating objectives using the SMART method to see if the set objective is specific, measurable, achievable, realistic, and time-sensitive.

Detailed explanation-5: -Management by Objectives (MBO): The term MBO was first outlined by Peter Drucker in 1954 in his book The Practice of Management. Management by objectives is also known as management by results.