Final answer:
The MBO manager-employee interactions include goal setting, performance monitoring, feedback, and appraisal and reward. These steps foster a collaborative relationship that aligns individual objectives with organizational goals.
Step-by-step explanation:
Management by Objectives (MBO) is a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees. The four characteristics of the MBO manager-employee interactions that define the cycle include:
- Goal setting: Manager and employee set clear, achievable goals together, aligning with organizational objectives.
- Performance monitoring: Regular check-ins allow for the assessment of progress toward the set goals.
- Feedback: Open communication between manager and employee for providing feedback, discussing challenges, and adjusting goals if necessary.
- Appraisal and reward: Evaluation of performance in relation to goals followed by appropriate recognition or rewards.
These steps ensure that both parties are on the same page, moving towards a common goal while fostering a mutually beneficial relationship, thus leading to a successful and collaborative workplace.