MBO – Management by Objectives

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p>MBO is a management method in which particular goals and objectives are jointly established by managers and employees for every department&comma; project and organization&period; Responsibilities are assigned to every individual by superiors&period; Progress is periodically reviewed and the employees are rewarded on goal attainment according to their performance&period;<&sol;p>&NewLine;<p>The term MBO was first used by PETER DRUCKER &lpar;November 19&comma; 1909 – November 11&comma; 2005&rpar; in his 1954 classic &&num;8216&semi;The Practice of Management&&num;8217&semi;&period; MBO rose in 1960&&num;8217&semi;s and 1970&&num;8217&semi;s when it was adopted by most publicly traded companies&period; It was popular and it is popular&period; MBO method is being used in many organizations&period;MBO is concerned with collaboratively goal setting and planning&period; Managers work with their subordinates to establish performance goals that are consistent with higher organizational objectives&period;<&sol;p>&NewLine;<blockquote><p>MBO is a process of joint goal setting between a supervisor and a subordinate Typically MBO process is consist of four basic and essential steps&comma; Goals setting is the first step of MBO process&period; This is the primary purpose of MBO&period; Organizational objectives and strategies are formulated&period; Specific objectives are jointly allocated and set among all unit&comma; department or organizational members&period; Mangers assign responsibilities to subordinates&period;<&sol;p><&sol;blockquote>&NewLine;<p>&lbrack;adsense1&rsqb;Second step of MBO process is develop action plans for every member and team&period; Action plans define&comma; how can be we achieve our objectives within time frame and allocated resources&comma; which are agreed upon by all members&period; Then implementation of action plans commences&period;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;