Paper 2 · Management by objectives
What does the abbreviation MBO stand for in the context of a management approach involving periodic review, employee participation in objective-setting, and clear company objectives?
Model answer
management by objectives
Also accepted: MBO, management by objective
Explanation: MBO is a management approach in which managers and employees jointly set objectives, with periodic review and evaluation of progress towards them.
Derived from ZIMSEC Business_studies Paper 2, June 2019, Q2
