The new Managing Director of the bank wants to introduce management by objectives (MBO) as a technique to manage performance. Most of the employees are against this initiative because they do not know what it entails. Write an essay explaining the concept to your employees. Highlight the major activities undertaken under MBO to make it a success. Do not forget to also discuss the benefits and problems associated with this technique.

Question

Quizplus · Accepted Answer

The Answer of The new Managing Director of the bank wants to introduce management by objectives (MBO) as a technique to manage performance. Most of the employees are against this initiative because they do not know what it entails. Write an essay explaining the concept to your employees. Highlight the major activities undertaken under MBO to make it a success. Do not forget to also discuss the benefits and problems associated with this technique.

The New Managing Director of the Bank Wants to Introduce