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What Is Management by Objectives? Identify Its Components

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 What is management by objectives? Identify its components.


Definitions:

Reciprocal Strategy

A mutual exchange strategy in negotiations or decision-making, where parties provide benefits to each other for mutual advantage.

HR Strategy

A plan of action designed by an organization to maximize the productivity of its employees by optimizing its human resources practices.

Business Strategy

A plan of action designed to achieve a long-term or overall aim within the business environment, guiding decision-making and resource allocation.

Behavioral Perspective

An approach in psychology focusing on the study of observable behavior and its environmental determinants.

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