Strategic Planning And Control In Management By Objectives
Source: University of Petrosani
The principle behind Management by Objectives (MBO) is to make sure that everybody within the organization has a clear understanding of the aims, or objectives, of that organization, as well as awareness of their own roles and responsibilities in achieving those aims. The complete MBO system is to get managers and empowered employees acting to implement and achieve their plans, which automatically achieve those of the organization. The planning and control is effective if it has strategic character, is aimed at achievement of concrete results, and is duly, flexible, simple and economic.