management

• What is the definition of management?

  Process of planning, organizing, leading, and controlling
• What is Management by Objectives (MBO)?

  Setting objectives for employees to achieve goals
• How do managers use MBO to achieve business goals?

  By setting specific objectives for employees
• What role does delegation play in MBO?

  It allows employees to take responsibility for objectives
• What independence do employees have in MBO?

  Employees have independence to achieve objectives
• What are the key components of Management by Objectives (MBO)?

  • Setting objectives for employees
  • Delegation of responsibility
  • Employee independence in achieving objectives