MBO is one of the established tools and a practice which will help in
achievement of the set goals and suggested plans. As we are seeing in the planning process both
long term and the short term plans are important plans are set based on the analysis of the data,analysis of the available information and both future is take based on the detailed assessment of the strengths weaknesses opportunities and threats and once the plans are set that is broken down to various objectives and management by objectives or in the short form, what is called as the MBO becomes an another important tool in the hands of management. Let us spend time today in understanding the definition, concept, steps and advantages and limitations of MBO process.