The second step in management is organization. What is the second step of the management by objectives method? A) establish the objectives of the organization. Learn how to set SMART objectives through some examples and explore the advantages and disadvantages of this management style. The strategic management process is best implemented when all members of the company understand the strategy.
In business, management by objectives (MBO) is defined as a strategic approach that involves improving the company's performance. The management by objectives approach establishes the company's goals and then establishes the steps to achieve them. Since business and economic situations are fluid, it is essential at this stage to develop alternative approaches that focus on each step of the plan.