Management by Objectives

Management by Objectives (MBO) is a strategy where managers and employees collaboratively set specific goals for an organization. Both parties agree on measurable objectives to be achieved within a certain timeframe. This approach fosters clear communication, enhances accountability, and aligns individual efforts with the overall goals of the organization. Regular reviews track progress, allowing for adjustments as needed. By focusing on results and involving employees in the goal-setting process, MBO aims to improve performance, motivation, and overall organizational effectiveness.