Q. What is Management by Objective (May'12, May’13)?
Management by Objective: Management by Objectives is a process
whereby superior and subordinate managers of an Organization jointly define its
common goals, define each individual's major areas of responsibility in terms
Of results expected of him and use these measures as guides for operating the
unit and assessing the contribution of each of its members.
The process of setting objectives in the
organization to give a sense of direction to the employees is called as
Management by Objectives.
It refers to the process of setting goals for the
employees so that they know what they are supposed to do at the workplace.
Management by Objectives defines roles and
responsibilities for the employees and helps them chalk out their future course
of action in the organization.
Management by objectives guides the employees to
deliver their level best and achieve the targets within the stipulated time
frame.
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