Process Of MBO involves 6 steps including organizational and employees objectives, monitoring progress, evaluation, feedback, and appraisal.
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.