Question

Who coined the term management by objectives in his 1954 work Practice of Management?

1) Peter Drucker
2) Frederick Taylor
3) Henry Fayol
4) Elton Mayo

Answer 1

Answer to the question:

Answer 2

The term Management by Objectives was coined by Peter Drucker in his 1954 work Practice of Management.

Step-by-step explanation:

The term Management by Objectives was coined by Peter Drucker in his 1954 work Practice of Management. This concept emphasizes setting clear goals for managers and employees to work towards collaboratively. Despite the contributions of individuals like Frederick Taylor to the field of management, particularly with his work on scientific management, it was Peter Drucker who introduced the specific concept of Management by Objectives. Taylor's focus on efficiency and productivity through methods like time-motion studies paved the way for modern management practices, but Management by Objectives is a distinct approach developed later by Drucker.