What is management by objectives (MBO)?
The concept of management by objectives (MBO) was first outlined by Peter Drucker in his 1954 book The Practice of Management. In MBO, managers are encouraged to focus on results, not activities, and negotiating a contract of goals with their subordinates without dictating the exact methods for achieving them. SAP ERP provides a comprehensive process to support the MBO approach that incorporates performance appraisal. The appraisal results can affect the employees compensation, generating annual pay raises that can be either significant or insignificant, depending on the employees performance. Likewise, managers can include the results of achieved objectives in the employees qualifications profile.
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Answer the following statement true (T) or false (F)
Why is it important that the systems professionals who design a project not perform the detailed feasibility study of the project?
The ____________________ maintains a master list of all references keyed in Word 2007
Fill in the blank(s) with correct word
Prior to formulating its annual budget, the government of the Asian country of Florenesia employs a number of individuals to look into the overall productivity of the country. These individuals are also responsible for studying and revising some of the taxation policies and gauging the employment rate. Given this information, these individuals are studying _____.
A. heterodox economics B. managerial economics C. microeconomics D. macroeconomics