Management by Objective (MBO)

Question

Explain Management by Objective (MBO) in detail.

Answer 1

Peter F. Drucker first gave the concept of MBO to the world in 1954 in his book The Practice of Management. Management by objective is a process whereby the higher and subordinate administrator of an organization together identifies its common goals.

It also define each individual‘s main areas of accountability in terms of results expected of him.