Management by Objectives (MBO):

MBO is an OD technique which is a systematic approach that facilitates achievement of results of directing effort toward attainable goals. MBO is a philosophy of management that encourages managers to plan for the future. Because MBO emphasizes participative management approaches, it has been called a philosophy of management. Within this broader context, MBO becomes an important method of OD. The participation of individuals in setting goals and the emphasis on self-control, promotes not only individual development but also development for the entire organization.