management by objectives

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management by objectives

A management philosophy in which subordinates are encouraged to share in decisions and policy-making by playing active roles in establishing goals, setting objectives and achieving those goals. Management by objectives (MBO) is a results-oriented, participatory style of management, which can integrate various elements such as planning, organisation and control. It assumes that identification of goals leads to more meaningful, purposeful action on the part of the organisation’s members; MBO allows a free exchange of ideas, information and suggestions, allowing management to understand the thinking of the group, and often reduces the layers of management.
References in periodicals archive ?
The effective implementation of the MBO is scheduled for 2016, while the first budget developed according to the MBO standards will be that of 2017, said director general of the MBO unit Adnene Gallas.
Getting the keys to the Cramlington site after the MBO.
The oxidation of MBO flood deposits was most evident in the Tuckean Swamp, where layers of MBO (0.
Few appraisal firms without MBO or an effective management plan have a good control mechanism in place.
One of the most important considerations that any employee will have about an MBO program is what are the expectations supervisors have of proposed objectives.
Since the MBO process ran concurrently with the budget process, we could examine our budget options and request funds for projects that we and the staff considered of sufficient priority.
However, in recent years following the global economic and banking crisis and a severe restriction in the availability of funding, especially debt, the viability of the MBO has been significantly curtailed.
An MBO can be an attractive transaction for all parties.
BIRMINGHAM-based Assura LIFT Holdings has completed an MBO - for an undisclosed sum - from parent Assura Group.
Yet, there is clear evidence that businesses that go through a MBO are likely to prosper.
Mobeus is a leading UK VCT Manager with a focus on MBO transactions.