In: Operations Management
What does management by objective mean to you?
Management by objective means managements focuses on results and goals set. According to this goals have to be SMART for effective results. SMART goals are those which are Specific, Measurable, Attainable, Relevant and Time bound.
Goals are set. Then the resources are analysed and ensured that there are enough resources to achieve these goals. The results are monitored from time to time.