What are the features of Management By Objectives?

Features of management by Objectives:

1. Management by objectives is an approach and philosophy to-management, and is not just a technique of management.
2. The basic emphasis of management by objectives is on setting of objectives or goals of an organisation.
3. Management by objectives focuses on the integration of goals It relates the long-range goals of the organisation with the short-range goals, overall systems goals of the enterprise with the goals of the society.
4. MBO Places emphasis not only on the settings of goals but also on their achievement (i.e., effective performance and tangible results).
5. The technique of MBO recognises the fact that the goals setting and achievement process is a co-operative and participative endeavour of the superiors and subordinates.
6. The objectives enshrined in management by objectives provide guidelines for appropriate systems, procedures, delegation of authority, allocation of resources, etc.
7. Management by objectives provides for substantial transfer of authority from a small group of top managers to the large group of subordinate managers.
8. Periodic review of performance is an essential feature of management by objectives. The review of performance is done regularly, generally, once in a year.
9. The philosophy of MBO views organisation as a dynamic entity.
10. Under the technique of MBO, consultation replaces exercise of authority, interaction and communication replaces isolation, and self-control by subordinates replaces imposed control by superiors.