MBM Meaning and
Definition
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MBM is an acronym that stands for "Management by Means" or "Management by Objectives." It is primarily a management philosophy or approach that emphasizes achieving organizational goals through clearly defined objectives and effective performance measurement. Under MBM, it is believed that specifying and communicating achievable and measurable goals to employees not only motivates them but also aligns their efforts with the overall strategic objectives of the organization.
This management approach focuses on setting specific objectives and targets at various levels within the organization, allowing employees to have a clear understanding of what is expected from them and how their contributions will be evaluated. By breaking down long-term goals into smaller, attainable objectives, MBM enables employees to work more efficiently, track their progress, and take responsibility for their own performance.
MBM also promotes the use of performance metrics and key performance indicators (KPIs) to monitor individual and team performance, ensuring that progress towards goals can be objectively measured and evaluated. Regular feedback and review processes are integral parts of MBM, facilitating two-way communication between managers and employees, and providing opportunities for coaching, recognition, and improvement.
Overall, MBM promotes a results-oriented culture where employees have a clear sense of purpose, take ownership of their work, and are empowered to find innovative solutions to challenges, thereby contributing to the long-term success of the organization.
Common Misspellings for MBM
- mbmn
- mbjm
- mbmj
- mmbm
- mbbm
- mbmm
- m bm
- mb m
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