The Essence of Management by Objectives (MBO)

Management by Objectives, SMART
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The Essence of Management by Objectives (MBO)

MBO somewhat resembles farming, each animal or plant is allowed to individually produce a product. The farmer is there to give guidance, to control and support the process.
Whatever you can imagine for a farmer to do wrong, actually also applies to managers applying MBO. This includes negligance through abdication of authority, failing logistical support, lack of forecasting future demand, etc.

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What exactly are the steps and relevance of Management By Objective?

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