Teamwork and cohesion are key components in a successful business. If the management and employees respect each other and work towards mutual goals, the business is likely to turn a profit and keep ...

The system of Management by Objectives (MBO) was structured by Peter Drucker in the 1950s. Plentiful and diverse organizations have used the technique, many to this day. The MBO process involves an ...

Explore P.F. Drucker's management theory: decentralized leadership, management by objectives, knowledge worker and more foundational concepts.

Management by objectives is a technique applied primarily to personnel management. In its essence it requires deliberate goal formulation for periods of time (like the next calendar or business year); ...

More than 520 years ago, Christopher Columbus discovered the new world. Not that it was the New World he was really looking for, but it was the best he could do at the time. Let me suggest that a part ...

Strategic planning is important to an organization to define values, create a cohesive visions, chart a direction and set goals for future growth. The process begins with statement of company vision ...

Despite the fact that the concept of management by objectives (MBO) has by this time become an integral part of the managerial process, the typical MBO effort perpetuates and intensifies hostility, ...