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Management by Objectives (MBO)
Management technique is based on target-setting theory in which employees are given specific measurable goal to achieve. MBO has been shown to be successful when the targets are realistic, when feedback and rewards are contingent on goal accomplishment and when there is top management commitment.
Disadvantages of contracting As we saw some of the factors that drive a contracting decision, now let us understand the disadvantages or criticisms associated with contracting
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