is a system of goal setting and implementation that involves a cycle of discussion, review, and evaluation of objectives among top and middle managers, supervisors, and employees.

Management by objective (MBO)  is a system of goal setting and implementation that involves a cycle of discussion, review, and evaluation of objectives among top and middle managers, supervisors, and employees.

Explanation:

The concept of management by objective was first introduced by Peter Drucker in the year 1954. MBO helps in defining specific objectives within the organization. The objectives are made by the management and conveyed to the supervisors and employees of the organization.

MBO concept involves six steps. First of all the organizational goals and objectives of the employees are determined. As a next step, the performance of the employees is constantly monitored. The managers then involve in evaluating the performance of the employees. As a final step, the management provides feedback and performance appraisal.

abolish

do away with

unanimous

in complete agreement

secede

separate; break free

inauguration

starting a new position with a formal ceremony.

cooperationist

people who wanted the north to cooperate with the south

surrender

to give up

volunteer

perform a service for free

draft

involuntary service in military

retreat

withdraw; move away from enemy

advisor

expert who gives advice

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