1. MBO Meaning Defination of MBO Advantages of MBO Limitations. Decision making Meaning Group decision making. Pros and cons. Process of decision making. 2. Management by objectives (MBO), also known as management by results (MBR), is a process of defining objectives within an organization so that management and employees agree to the objectives and understand what they need to do in the organization in order to achieve them. The term "management by objectives" was first popularized by Peter Drucker in his 1954 book The Practice of Management. 3. According to George S. Odiorne, the system of management by objectives can be described as a process whereby the superior and subordinate jointly identify its common goals, define each individual's major areas of responsibility in terms of the results expected of him, and use these measures as guides for operating the unit and assessing the contribution of each of its members. 4. Some of the important advantages of MBO are: Management by Objectives develops a result-oriented philosophy. Formulation of clearer goals. Raises employee morale. Acts as motivational force. Management by Objectives facilitates effective control. Management by Objectives facilitates personal leadership. 5. Time-consuming. Reward-punishment approach. Increases paper-work. Creates organizational problems. Management by Objectives develops conflicting objectives. Lack of appreciation. 6. Decision making is the mental processes resulting in the selection of a course of action among several alternative scenarios. 7. Group decision-making (also known as collaborative decision-making) is a situation where different departmental Heads of an orgransization makes decision together inorder to achive common goal of organisation without any conflict or misunderstanding. 8. The end Thanks for your attention by