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Objectives make human activity purposeful.5
DEFINITION AND NATURE OF OBJECTIVESObjectives depict future state of affairs which organizations strive to realizeThey set down guidelines for group activityBROAD FETURES OF OBJECTIVES are as follows:Major & Derivative ObjectivesTime Dimensions of Objectives-Long & Short Range ObjectivesHierarchy of ObjectivesNetwork of objectives6
MBO DEFINITION“MBO can be describes as a process whereby the superior and subordinate managers of an organization jointly identify its common goals, define each individuals major areas of responsibility in terms of result expected of him, and use these measures as guides for operating the unit and assessing the contribution of each of its members.”GEORGE S.ORDIORNE7
MBO DEFINITION“A Dynamic system which seeks to integrate the company’s need to clarify and achieve its profit and growth sales with the manager’s need to contribute and develop himself.”John W.HumbleMBO is a way of thinking about management; making it effective.