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Describe the Management by Objectives (MBO)process

Question 88

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Describe the management by objectives (MBO)process.
1.All individuals in the organization work with their managers to set objectives,specifying what they are to do in the next operating period (such as a year).
2.Each individual's manager periodically reviews the individual's performance to see whether he or she is meeting the objectives.
3.The organization rewards individuals on the basis of how close they come to fulfilling the objectives.

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MBO is a formal system for planning in w...

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