By definition, management by objectives (MBO) is such a personnel management strategy in which employees and managers get together in order to plan strategy, monitor and record the process of achieving goals with respect to a specific time period. The flow of organizational planning and goals starts from the top to bottom across the organization and is transformed into selective personal goals for the members of the organization. This approach/strategy named as Management by Objectives was first introduced by an expert of management named as Peter Drucker. Eventually, the technique went over the world and become common in the early 1960’s. It is also known as Management by results.
The management trends are changing with every passing day and its 21’s century and people are freely asking for the 21’st century management trends. The constant change in the world order has introduced a great range of new inventions and trends. From the classical period of the world till 21st century today, every concept has obtained a modern shape, so is the business. Apart from other factors of the business, the most effective modern trends are associated with management. Prior to defining it in depth, asking what the professionals are today and what is being shaped by present management concepts and exercises may enhance the consciousness of a professional. Are they shaping tomorrow’s history?