12 Questions
What is the underlying basis of a system of Management by Objectives?
Setting of objectives and targets
According to Drucker, how many key objectives did he suggest for a business organization?
Eight
What does a manager assume responsibility for in an organization?
Ensuring work is done effectively
In Management by Objectives, what is needed to establish a balance between departmental and individual goals?
Establishing priorities
Which statement best describes a manager's role in an organization according to the text?
Working through other people at every level
What is considered essential for individual managers in Management by Objectives?
Continual review and appraisal of results
What is one of the key steps in the Management by Objectives process?
Defining employee objectives before organizational goals
Which of the following is NOT one of the areas that objectives can cover according to the text?
Employee benefits
How are the objectives set by supervisors described in the text?
Provisional and subject to change
What is one important aspect to consider when setting objectives according to the text?
Balancing profit with future demands
What does the text suggest regarding physical resource objectives?
Include location and acquisition decisions over time
Why might emphasis on objectives change in organizations according to the text?
Based on environmental changes and circumstances
Explore the concept of Management by Objectives (MBO) as introduced by Drucker. Learn about the process of integrating individual goals with corporate plans, and the responsibilities of managers in an organization.
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