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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). |
Learn more about Management by Objectives More on performance management: Balanced Scorecard, Benchmarking, Hawthorne Effect, Objectives and Key Results, Performance Management. You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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