In a short essay, define management by objectives (MBO) and list ...

[Yi-Chen]

In a short essay, define management by objectives (MBO) and list four elements of this type of goal setting.
 
  What will be an ideal response?

Question 2

Which of the following is true of the traditional approach to planning?
 
  A) Plans are developed by organizational members at the various levels.
  B) This approach makes managerial planning thorough, systematic, and coordinated.
  C) Plans created through this method are seldom written down.
  D) Formal planning departments are rarely used in this approach.

[mistyjohnson]

Answer to Question 1

Answer: Management by objectives (MBO) is a management system in which specific performance goals are jointly determined by employees and their managers, progress toward accomplishing these goals is periodically reviewed, and rewards are allocated on the basis of this progress. Rather than using goals only as controls, MBO uses them to motivate employees as well. Management by objectives consists of four elements: goal specificity, participative decision making, an explicit time period, and performance feedback. Its appeal lies in its focus on employees working to accomplish goals they have had a hand in determining.

Answer to Question 2

Answer: B