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This question is about careers.
What does MBO stand for in business?
MBO in business stands for Management by objectives (MBO). MBO is a strategy of assigning specific employees objectives that are based on certain goals of the organization they work for.
Managers utilize the MBO method to provide objectives to employees, groups of employees, teams, or departments that enable the employees to have a positive impact on the achievement of specific business goals. When this type of system is used by a company or management team it normally includes features where employees can review their progress.
Being able to see their progress concerning specific objectives and company goals employees usually gain motivation to keep their performance strong and continue their productivity. It also gives employees a sense of value and purpose and is helpful in creating a productive work environment.
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