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
Consolidation
In technical analysis, movement of an asset’s price within a well-defined pattern or barrier of trading levels. In general, it pertains to an ...
Open Market Operations - OMO
It is the buying and selling of securities of the government in the open market to increase the amount of money in the banking system.
Pairs Trade
Pairs trade is said to be the best strategy for stock pickers, as stock is all that matters. What the real market does will not matter. When the ma ...
Forward Start Option
The advance purchase of a put or call option with a strike price that will be determined at a later date, typically when the option becomes active. ...
Disclaimer Trust
A trust that has embedded provisions (usually contained in a will) which allow a surviving spouse to put specific assets under the trust by disclai ...
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Featured Investment: Annuity
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