Who introduced the concept of Management by Objectives (MBO)?

The concept of Management by Objectives (MBO) was introduced by Peter Drucker, a renowned management consultant, educator, and author. Drucker emphasized the importance of setting specific, measurable objectives within organizations to enhance efficiency and effectiveness. His approach involved engaging both management and employees in the goal-setting process, ensuring that everyone understood their roles and responsibilities in achieving the objectives. This collaborative method fosters accountability and alignment within the organization, leading to improved performance.

The principles of MBO highlight the necessity of clear communication and the establishment of achievable targets, making it an influential framework in strategic management. Drucker's ideas have had a lasting impact on how organizations structure their management practices and assess employees' performances, solidifying his position as a key figure in modern management thought.