rue or False: Management by objectives (MBO) is a goal-setting and performance management approach that involves setting clear objectives, and employees are then evaluated based on their ability to achieve these objectives.
rue or False: Management by objectives (MBO) is a goal-setting and performance management approach that involves setting clear objectives, and employees are then evaluated based on their ability to achieve these objectives.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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True or False: Management by objectives (MBO) is a goal-setting and performance management approach that involves setting clear objectives, and employees are then evaluated based on their ability to achieve these objectives.
Expert Solution
Step 1: Define the term Management by objectives:
Management by Objectives( MBO) is a management approach or philosophy that emphasizes the setting and accomplishment of specific objects or pretensions as a primary means of achieving organizational success. The MBO process involves a cooperative trouble between directors and workers to establish clear, measurable, and attainable objects that align with the overall pretensions and charge of the association.
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