The process of setting objectives in the organization to give a sense of direction of work to the employees is called Management By Objectives. It refers to the process of setting goals for the employees on a professional level so that they know what they are supposed to do at the workplace. It gives them a scheduled workflow.
Management by Objectives defines an employee’s roles and responsibilities and thereby helps them to lay out their future course of action in the organization. It guides the employees to deliver their level best and achieve the targets within the stipulated time frame with the best quality that could be achieved. Management by Objectives leads you to plan out a well-defined hierarchy at the workplace. It ensures transparency at all levels.
Also, See: Leaning and Development
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