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It did. Whatever the period of origin, all companies and organizations had goals and even managed processes so that they achieved them. However, MBO framework had managed to slot the goal setting through ‘direction’ for the organization by developing an organizational role and mission statement, specific objectives and action plans for each member in a participative decision making style. Further, MBO established key results and/or performance standards for each objective with periodic measurement/assessment of the status or outcome of the goals and objectives. In setting Goals, MBO adheres to SMART (Specific, Measurable, Achievable, Realistic and Time related) methodology so that the goals are valid...
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Common topics in this essay:
- Audit Objectives - Inventory
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