Management by Objectives Question
How do you apply the MBO (Management by Objectives) process in your venture? Provide examples on how better morale will enhance productivity.
Identify at least three challenges of global expansion and address how you would face those challenges
Creating organizational objectives often creates a wide focus on goal delivery. When an organization identifies the right objectives, an MBO practice often improves the focus on execution. Applying MBO in a venture often involves engaging the employees and other stakeholders in the formulation of clear objectives. Each and every employee is assigned specific objectives and the management monitors the performance of the employee based on these objectives. Having a clear MBO increases employee morale. They are motivated to perform their duties since they are clearly cut out. At the same time, employees are able to…