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 performance management: Balanced Scorecard, Benchmarking, Hawthorne Effect, Objectives and Key Results, Performance Management. MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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