Management by Objective - Explained

Management by Objective - Explained

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Management by objective, introduced by Peter Drucker in 1954, involves collaboration between employees and managers to set and achieve goals. This approach aligns personal and organizational objectives, enhancing employee understanding and buy-in. It benefits the management process by increasing loyalty and efficiency. The process includes setting goals, creating action plans, and evaluating performance using quantifiable metrics. Adjustments are made based on results, ensuring continuous improvement.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is credited with developing the concept of Management by Objective?

Henry Fayol

Frederick Taylor

Peter Drucker

Elton Mayo

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key benefit of Management by Objective for employees?

Increased salary

More vacation time

Greater understanding of expectations

Less responsibility

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Management by Objective benefit managers?

It eliminates the need for employee input

It reduces their workload

It makes them more efficient and effective

It allows them to avoid setting goals

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is essential for evaluating performance in Management by Objective?

Managerial intuition

Subjective opinions

Quantifiable metrics

Employee surveys

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can be modified based on performance appraisals in Management by Objective?

Office locations

Goals and objectives

Company policies

Employee salaries

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