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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What are the objectives of the MBO? What do you think might be its disadvantage?

Summary Introduction

To determine: The objectives and disadvantages of MBO.

Introduction: MBO is abbreviated as Management by Objectives is a staff administration strategy where employees and workers jointly to set, record and examine objectives for a particular timeframe.

Explanation

The objectives of MBO are as follows:

The objectives of MBO are to illuminate the responsibility workers play in achieving the organization’s objectives and to enable them to take an interest in objective setting and in performance assessment, consequently expanding their inspiration...

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