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Created page with "'''Management by objectives''' (MBO) is a process where a manager and employee agree on goals and then develop a plan to achieve them. The goal is to align objectives througho..."
'''Management by objectives''' (MBO) is a process where a manager and employee agree on goals and then develop a plan to achieve them. The goal is to align objectives throughout an organization and increase employee participation and commitment. MBO is a strategic approach to enhance the performance of an organization.
=== Steps in the MBO process ===
[[File:Success target.png|thumbnail|right|250px|SMART goals are Specific, Measurable, Achievable, Relevant, and Time-bound.<ref>[https://www.mindtools.com/a4wo118/smart-goals SMART Goals]</ref>]]
'''1.''' Set goals
'''2.''' Set realistic goals
'''3.''' Jointly participate in [[goal setting]], planning, and controlling
'''4.''' Provide feedback
'''5.''' [[Collaboration]] with employees
'''6.''' Assess progress
'''7.''' Reward excellent performance
'''8.''' Encourage improvement
'''9.''' Review goals
=== MBO categorization ===
MBO objectives can be categorized into three types:
'''1.''' Strategic: Broad, general objectives determined by company management
'''2.''' Tactical or Team: More specific objectives set for teams or departments
'''3.''' Operational or Individual: Specific objectives belonging to an individual
[[Category: Management]]
=== Steps in the MBO process ===
[[File:Success target.png|thumbnail|right|250px|SMART goals are Specific, Measurable, Achievable, Relevant, and Time-bound.<ref>[https://www.mindtools.com/a4wo118/smart-goals SMART Goals]</ref>]]
'''1.''' Set goals
'''2.''' Set realistic goals
'''3.''' Jointly participate in [[goal setting]], planning, and controlling
'''4.''' Provide feedback
'''5.''' [[Collaboration]] with employees
'''6.''' Assess progress
'''7.''' Reward excellent performance
'''8.''' Encourage improvement
'''9.''' Review goals
=== MBO categorization ===
MBO objectives can be categorized into three types:
'''1.''' Strategic: Broad, general objectives determined by company management
'''2.''' Tactical or Team: More specific objectives set for teams or departments
'''3.''' Operational or Individual: Specific objectives belonging to an individual
[[Category: Management]]