Question

Which is a method of management whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance?

Answer 1

The method of management described is Management by Objectives (MBO), where managers and employees collaborate to define goals for each department, project, and individual. These goals are used to monitor performance and evaluate progress.

Step-by-step explanation:

The method of management described in the question is referred to as Management by Objectives (MBO). MBO is a goal-setting process in which managers and employees collaborate to establish goals for each department, project, and individual. These goals are then used to monitor performance and evaluate progress.

By defining specific and measurable goals, MBO provides clarity and direction for employees, allowing them to understand what is expected of them. Additionally, MBO fosters accountability and motivation, as employees are actively involved in setting their own goals and monitoring their performance.

For example, in a marketing department, the manager and employees might define goals such as increasing brand awareness by a certain percentage, generating a specific number of leads, and achieving a target sales revenue. These goals serve as benchmarks for performance evaluation and guide employees in their day-to-day work.