Management By Objectives - MBO
- Management By Objectives - MBO
- A management model that aims to improve performance of an organization by clearly defining objectives that are agreed to by both management and employees. According to the theory, having a say in goal setting and action plans should ensure better participation and commitment among employees, as well as alignment of objectives across the organization. The term was first outlined by management guru Peter Drucker in 1954 in his book "The Practice of Management."
A key tenet of management by objectives is the establishment of a management information system to measure actual performance and achievements against the defined objectives. The major benefits of MBO are that it improves employee motivation and commitment, and ensures better communication between management and employees. However, an oft-cited weakness is that MBO unduly emphasizes the setting of goals to attain objectives, rather than working on a systematic plan to do so.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Management by objectives — (MBO) is a process of defining objectives within an organization so that management and employees agree to the objectives and understand what they need to do in the organization. The term management by objectives was first popularized by Peter… … Wikipedia
Management by objectives — (MbO) (deutsch: Führen durch Zielvereinbarung) ist eine Methode aus der Betriebswirtschaftslehre zur Führung von Mitarbeitern eines Unternehmens, die 1955 von Peter F. Drucker erfunden wurde. Unter arbeits und organisationspsychologischen… … Deutsch Wikipedia
Management by Objectives — (MbO) (zu Deutsch: Führung/Führen durch Zielvereinbarung) ist eine Methode aus der Betriebswirtschaftslehre zur Führung von Mitarbeitern eines Unternehmens, die 1955 von Peter Ferdinand Drucker erfunden wurde. Unter arbeits und… … Deutsch Wikipedia
management by objectives — ˌmanagement by obˈjectives abbreviation MBO noun [uncountable] HUMAN RESOURCES the activity of controlling an activity and measuring performance in relation to particular aims: • Management by objectives works well at lower levels of the… … Financial and business terms
Management by Objectives — [ mænɪdʒmənt baɪ ɔb dʒɛktɪvs; englisch] das, (s), Abkürzung MbO, qualitatives Personalführungskonzept (Management) … Universal-Lexikon
management by objectives — MBO A management technique in which all levels of management are encouraged to specify and agree quantitative and/or qualitative objectives to be achieved within a set period. Managers must then answer to higher levels of management for the… … Accounting dictionary
management by objectives — MBO A management technique in which all levels of management are encouraged to specify and agree quantitative and or qualitative objectives to be achieved within a set period and to answer to higher levels of management for the actual performance … Big dictionary of business and management
management by objectives — (MBO) Management technique of setting goals and then reviewing performance against them. ► “On the one hand, MBO is seen as a traditional management tool which forms part of the foundation of effective public management, while at the same time… … American business jargon
Целевое управление (MANAGEMENT BY OBJECTIVES, MBO) — Разработка и формулирование персональных целей в соответствии с глобальными целями организации. Эффективность работы менеджера оценивается согласно раннее определенным с непосредственным начальником задачам. Основная цель такого управления… … Словарь терминов по управленческому учету
MbO — Management by objectives (MbO) (deutsch: Führen durch Zielvereinbarung) ist eine Methode aus der Betriebswirtschaftslehre zur Führung von Mitarbeitern eines Unternehmens, die 1955 von Peter F. Drucker erfunden wurde. Unter arbeits und… … Deutsch Wikipedia
