Asked by Tequila Barnes on May 13, 2024
Verified
The typical management by objectives (MBO) cycle takes two months to complete, since frequent budget adjustments are necessary.
Management By Objectives (MBO)
A management strategy focusing on aligning the goals of employees with the objectives of the organization through participative goal setting and performance assessment.
Budget Adjustments
Modifications made to a budget to reflect changes in the availability of funds or expenditures.
- Understand the framework and steps of the management by objectives (MBO) cycle.
Verified Answer
KS
Kaiti SmithMay 19, 2024
Final Answer :
False
Explanation :
The typical MBO cycle takes around 12 months to complete and requires periodic reviews and adjustments, but frequent budget adjustments are not necessarily a part of the process.
Learning Objectives
- Understand the framework and steps of the management by objectives (MBO) cycle.
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