Smart mbo

The mnemonic S.M.A.R.T. is associated with the process of setting objectives in this paradigm. "SMART" objectives are:

Specific

Measurable

Agreed/Achievable/Attainable

Realistic/Responsible/Receivable

Time-bound

The aphorism "what gets measured gets done", is aligned with the MBO philosophy.

Peter Drucker first used the term "management by objectives" in his 1954 book The Practice of Management.[1] While the basic ideas of MBO were not original to Drucker, they pulled from other management practices to create a complete “system”.[4]The idea draws on the many ideas presented in Mary Parker Follett's 1926 essay, "The Giving of Orders".

Many noteworthy companies have used MBO. The management at the computer company Hewlett-Packard(HP), has said that it considers the policy a huge component of its success. Many other corporations praise the effectiveness of MBO, including Xerox, DuPont, Intel,[8] and countless others.[9] Companies that use MBO often report greater sales rates and productiveness within the organization. Objectives can be set in all domains of activities, such as production, marketing, services, sales, R&D, human resources, finance, and information systems. Some objectives are collective, and some can be goals for each individual worker. Both make the task at hand seem attainable and enable the workers to visualize what needs to be done and how.