The concept of MBO was developed by management theorist Peter Drucker.

Name: The concept of MBO was developed by management theorist Peter Drucker.
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Management by Objectives (MBO) is a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees. This concept was indeed developed by Peter Drucker in his 1954 book "The Practice of Management."

The Concept of MBO Was Developed by Management Theorist Peter