The correct answer is: A. Technique of management
MBO stands for Management by Objectives. It is a management technique that involves setting specific, measurable, achievable, relevant, and time-bound goals for employees. These goals are then cascaded down from the top of the organization to the bottom, and employees are held accountable for their progress towards achieving them.
MBO is a popular management technique because it can help to improve employee performance, increase motivation, and align individual goals with organizational goals. However, it is important to note that MBO is not a one-size-fits-all solution, and it may not be appropriate for all organizations.
Here is a brief explanation of each option:
- A. Technique of management. MBO is a technique of management that involves setting specific, measurable, achievable, relevant, and time-bound goals for employees.
- B. Process of management. Management is a process that involves planning, organizing, leading, and controlling an organization.
- C. Steps in management. Management is a series of steps that are taken to achieve organizational goals.
- D. Procedure in management. A procedure is a set of steps that are followed to complete a task.