Dictionary of Accounting Terms: Management By Objective (MBO)
Management By Objective (MBO)
system of performance appraisal having the following characteristics: (1) each manager is required to take certain prescribed actions and to complete certain written documents; and (2) the manager and subordinates discuss the subordinate's job description, agree to short-term performance targets, discuss the progress made towards meeting these targets, and periodically evaluate the performance and provide the feedback.
Dictionary of Business Terms: Management By Objective (MBO)
Management By Objective (MBO)
planning and control method of management that seeks congruence between management and employee goals. Performance goals are jointly agreed upon by management and the employee and subsequently evaluated.
