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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