Short Essay on Management by Objectives
MBO is an integrated sequential process. It has sequences of activities as a process. This process comprises the following steps:1. First of all objectives must be set, which the organization has to attain. The top management must be aware of the objectives. These objectives can be set for any period but they should be, as far as, possible, long term objectives. Image Source: tisquirrel.files.wordpress.com ADVERTISEMENTS: 2. The organizational objectives are achieved through individuals. Therefore subordinate objectives must be set at the lower levels of management. Each individual must know in advance what he is expected to achieve.Determination of individual objectives is based on the organization purpose, managerial philosophy, organizational resource and environmental opportunities and constraints. A superior’s responsibility in setting objectives for his subordinates is to state objective in terms…