MBO stands for Management byObjectives. MBO is an approach of management that helps to focus on goals thatare achievable and in getting maximum output from the resources that areavailable. It is an approach that is systematic and highly organized. MBO wasfirst proposed by Peter Drucker. However, Drucker himself cautioned againstoveremphasis. Management by Objectives would work, he said, only if you knewyour objectives. Management by Objectives ensures that all the employees in anorganization are aware of the objectives and targets of the organization.
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