Assignment Topic:

Management By Objectives (MBO) is a process that almost always is discussed in conjunction with planning. This is somewhat surprising, as it is rarely seen implemented in its pure form in practice.

Your assignment is to use two (2) sources (from the four link provided below) to answer the following questions in your own words. To avoid confusion, please number the paragraphs/responses. Whenever you use the exact words from outside sources, be sure to identify them with a citation/attribution.

• 1. Provide a description of MBO and a detailed description of the process.
  2. Provide your opinion about the strengths of MBO. If implemented properly, what benefits do you feel might result?
  3. How do you envision MBO being difficult to implement? What problems can you foresee possibly occurring?
• Sources:
• Hayes, Adam. Management by Objectives (MBO). Investopedia, Investopedia, 16 Sept. 2020, www.investopedia.com/terms/m/management-by-objectives.asp.

  KukrejaI, Sonia. Advantages and Disadvantages of Management by Objectives (MBO). Management Study HQ, 24 Dec. 2018, www.managementstudyhq.com/advantages-and-disadvantages-of-mbo.html.

  Management by Objectives (MBO) - Overview, Steps, Benefits. Corporate Finance Institute, 23 June 2020, corporatefinanceinstitute.com/resources/knowledge/strategy/management-by-objectives-mbo/.
  Mulder, P. (2010). Management By Objectives (MBO). Retrieved [26 Sept. 2020] from ToolsHero: https://www.toolshero.com/management/management-by-objectives-drucker/