A Recent trend in Commerce and Management in India : Management by Objectives - MBO

Management has become an important “economic organ ”of the present industrial society .Proper management is a pre-requisite for a successful organization. A profit making organization canget into a loss making concern in the absence of proper management. MBO literally means “Management By Objectives”. It is a technique that is often used to formulate and implement operational goals .Traditionally, organizational goals are formulated by compliance .In contrast the MBO approach involves employees in the process of formulating and implementing these operational goals directly related to their jobs .This paper includes objectives and approaches to the concept of MBO . It also highlights the suggestions to improve the organization both quantitatively and qualitatively .This research paper's data has been collected from the sources: annual reports,articles, magazines, related books and websites .The present paper is worked out theoretically. It aims to study the MBO, its process and workings and its implications in Indian Companies.