QUESTION 1 (10 Marks)Management by objectives (MBO) is not new in the context of an organization. The concept goes back almost fifty years. Its appeal is its emphasis on converting overall objectives into specific objectives. MBO makes operational objectives by cascading them down through the organization and works from the bottom up and from the top down. The result is a hierarchy that links objectives at one level to those at the next level. For the individual employee, MBO provides specifie personal performance objectives. Top management must be committed to the process for MBO to work. Interpret the FOUR (4) elements of management by objectives (MBO) into the context of an organization