MANAGEMENT BY OBJECTIVES - MBO
A management system that aims to improve performance of an organization by defining objectives, which both the management and employees agree to. The model suggests having a clear goal setting and action plans must ensure better commitment and participation among employees, as well as realignment of objectives throughout the organization. Management Guru Peter Drucker first designed this management system in his book, The Practice of Management, in 1954. Implementing MBO in companies improve employees’ motivation and commitment, ensures better communication between management and employees.
POPULAR TERMS
Auction
A system wherein potential buyers put competitive bids on services and assets. The service or asset in question will sell to the party who have the ...
SFAS
Statement of Financial Accounting Standards (SFAS) is a Financial Accounting Standards Board (FASB) issued document. The SFAS consists of informati ...
Enterprise-Value-to-Sales - EV/Sales
Valuation measure comparing the firm’s value and its sales. It helps investors in getting an idea of how much it would cost to purchase the c ...
Licensing Fee
Payment given to a government agency by a person or business, for the privilege of performing certain services or engaging in some line of ...
Hiccup
A term used to describe a short-term disruption within a longer-term goal, plan, or trend. A hiccup may be used to describe the business acti ...
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SEE FOREX TUTORIAL
Principles of Trading: Introduction
Trading is an active participation in the financial markets. Those who partake in buy-and-hold investing are called traders. Also called market pla ...
Student Loans: Consolidating Federal Loans
If you find it difficult to monitor and pay the student loans on your own, and want to reduce your monthly payment and lengthen the repayment sched ...
Ethical Investing: Leaving an Ethical Imprint
After selecting the rightful ethical investments and making it work, it is about to decide how to disburse your assets after you die. You have two ...
Buying a Home: Choosing the Best Location
The first consideration when buying a new house is choosing the place where you want to live, regardless if this will serve as an investment or upg ...
Introduction to Inflation
I asked my grandparents about the cost of living during World War II. They told me people during that period could buy a house for $5,000, a car fo ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 09:00 | Unemployment Rate | 1 quarter | |
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 04:05 | RBA Assistant Governor Christopher Kent Speaks | ||
| 08:00 | GfK Consumer Climate | Apr | |
| 09:00 | CPI | Apr | |
| 09:00 | GDP | 1 quarter | |
| 10:00 | Private Sector Credit | Mar | |
| 10:00 | M3 Money Supply | Mar |
