Teamwork and cohesion are key components in a successful business. If the management and employees respect each other and work towards mutual goals, the business is likely to turn a profit and keep ...

Management by objectives is a technique applied primarily to personnel management. In its essence it requires deliberate goal formulation for periods of time (like the next calendar or business year); ...

More than 520 years ago, Christopher Columbus discovered the new world. Not that it was the New World he was really looking for, but it was the best he could do at the time. Let me suggest that a part ...

Explore P.F. Drucker's management theory: decentralized leadership, management by objectives, knowledge worker and more foundational concepts.

As an entrepreneur, it's vital that you create specific objectives as part of your business plan. Establishing objectives helps drive your company toward continuous success, and remains a benchmark ...

The idea of management by objectives (MBO), first outlined by Peter Drucker and then developed by George Odiorne, his student, was popular in the 1960s and 1970s. In his book “The Practice of ...