Describe the Management by Objectives (MBO)process

question 29

Essay

Describe the management by objectives (MBO)process.
1.All individuals in the organization work with their managers to set objectives,specifying what they are to do in the next operating period (such as a year).
2.Each individual's manager periodically reviews the individual's performance to see whether he or she is meeting the objectives.
3.The organization rewards individuals on the basis of how close they come to fulfilling the objectives.

---

Definitions:

Overnight Trips

Short travel or journeys that involve staying away from home for one night, often for business or leisure purposes.

Criterion

A standard, rule, or test by which something can be judged or measured, often used in decision-making or evaluation processes.

Core Principles

Fundamental beliefs or values that serve as the foundation for behavior, decision-making, and actions within an organization or individual's life.

Professional Selling

The process and activities required to effectively develop, manage, enable, and execute a mutually beneficial, interpersonal exchange of goods and/or services for equitable value.