What is MBO? Briefly describe the process of MBO and it’s benefits. Discuss the relevance of MBO in the present day context of organisations.

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Management by Objectives (MBO): Enhancing Performance through Goal Alignment

Management by Objectives (MBO) is a systematic and comprehensive management approach that aims to improve organizational performance by aligning individual and team goals with overall organizational objectives. This method was first introduced by management theorist Peter Drucker in his 1954 book "The Practice of Management." MBO involves the establishment of clear objectives at all levels of the organization and the continuous monitoring and evaluation of progress toward those objectives.

Process of MBO:

1. Establishment of Objectives:
   - The MBO process begins with the establishment of clear and specific objectives at each level of the organization. These objectives are derived from the overall organizational goals and mission.

2. Cascade of Objectives:
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Degree : MASTER DEGREE PROGRAMMES
Course Name : Master in Business Administration
Course Code : MBA
Subject Name : Management Functions and Behavior
Subject Code : MS 1
Year : 2022