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Management by Objectives |
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Definition: Management by Objectives is a participative management and employee motivation practice by Peter Drucker in which managers and employees jointly set, perform and control objectives within an organization. Such objectives should be formulated SMART (specific, measurable, achievable, realistic and time-related). |
More on management by objectives. More on performance management: Balanced Scorecard, Benchmarking, Hawthorne Effect, Performance Management. |
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