Management by Objectives (MBO)

Management by Objectives (MBO) is a management philosophy and performance management approach that emphasizes setting specific, measurable, achievable, relevant, and time-bound (SMART) objectives or goals for individuals, teams, and organizations, and aligning their efforts and activities towards achieving those objectives. MBO involves collaborative goal setting, periodic performance reviews, feedback, and rewards based on achievement of objectives, fostering accountability, motivation, and organizational effectiveness.