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What Is Meant By Mbo? Explain Its Merits & Demerits?

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MBO or Management By Objectives is a result oriented, non specialist, operational managerial process for the effective utilization of physical, material and human resources  by integrating the individual goals with organisational goals, and the organisational goals with the environmental goals.

Advantages
1. It concentrates not only on the goals but also on the effective performance.
2. It increases the organisation's ability to achieve goals.
3. It recognises the participation of employees in decision making
4. A great deal of motivation and satisfaction is delivered to the employees through MBO.

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