An effective management goes a long way in extracting the best out of employees and make them work as a single unit towards a common goal.
The term Management by Objectives was coined by Peter Drucker in 1954.
What is Management by Objective ?
The process of setting objectives in the organization to give a sense of direction to the employees is called as Management by Objectives.
It refers to the process of setting goals for the employees so that they know what they are supposed to do at the workplace.
Management by Objectives defines roles and responsibilities for the employees and help them chalk out their future course of action in the organization.
Management by objectives guides the employees to deliver their level best and achieve the targets within the stipulated time frame.