Asked by: Retta Brueningsasked in category: General Last Updated: 2nd January, 2020
What does MBO stand for?
Similarly, what does MBO stand for in sales?
Management by Objectives
Subsequently, question is, what is MBO and its importance? The principle of MBO is for employees to have a clear understanding of their roles and the responsibilities expected of them, so they can understand how their activities relate to the achievement of the organization's goals. MBO also places importance on fulfilling the personal goals of each employee.
Simply so, what is MBO process?
Management by Objectives (MBO) is a personnel management technique where managers and employees work together to set, record and monitor goals for a specific period of time. Organizational goals and planning flow top-down through the organization and are translated into personal goals for organizational members.
What is MBO in performance appraisal?
Management by objectives – commonly referred to as MBO – is a performance appraisal method that determines how closely aligned an employee's goals are to organizational goals. Therefore, managers and the directors or executives they report to often work together to establish MBO goals for this type of appraisal method.