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.
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Cash Refund Annuity
Annuity contract which gives the funds back to the beneficiary should the annuitant die too early. It has a provision stipulating if the annuitant ...
Designated Roth Account
A retirement plan in which employees can have all or a portion of contributions to a 401(k) or 403(b) placed into a separate Roth retirement accoun ...
Research Note
A statement from a broker or other investment advisory service discussing a particular security, market, or news item. A research note is usually m ...
SCOR
Small corporate offering registration (SCOR) is a kind of corporate securities registration. Its purpose is to cut down the paperwork requirements ...
E-Meeting
Meeting occurring over an electronic medium. The most common type of e-meeting is conducted via web-based software, allowing individuals and groups ...
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