Management by Objective
We know that Management is a universal approach that is used to perform the function of business like Production, demand forecasting in an effective, efficient, and economical way to achieve a predefined goal of the organization. There are many models of Management. These are participative Management, database Management, Management by objectives, and Management by exception, and so on. Every model has its unique feature function and application. Among all Management by objective is also an important model that is used by multinational companies, large-scale companies in a particular situation to achieve a particular goal. There are many objectives before organizations. These objectives are Survival, sales revenue maximization, and profit maximization. The process in which Management is done according to the goal of the organization this process is called Management by objectives. In other words, we can say that the process in which the Manager makes policy, rules, regulations, and la