Main Characteristics of Mbo and When It Might Essay Example

Management by objectives (MBO) is a systematic and organized approach that allows management to focus on achievable goals and to attain the best possible results from available resources. It aims to increase organizational performance by aligning goals and subordinate objectives throughout the organization. Ideally, employees get strong input to identify their objectives, time lines for completion, etc. MBO includes ongoing tracking and feedback in the process to reach objectives.

To give a example from my workplace every year before the start of the new financial year there is a complex process of performance review and setting objectives for the next 12 months, this is done in consultation with one’s manager. The key point in MBO is to make sure that everybody within the organization has a clear understanding of the aims, or objectives, of that organization, as well as awareness of their