From Dr. W. Edwards Deming’s 14 Points: Eliminate work standards (quotas) on the factory floor. Substitute leadership. Eliminate management by objective. Eliminate management by numbers, numerical ...

Management by objective, or MBO, is a concept postulated by Peter Drucker in his 1954 book, "The Practice of Management." The principle provides a means of focusing all who are involved with a work ...

Teamwork and cohesion are key components in a successful business. If the management and employees respect each other and work towards mutual goals, the business is likely to turn a profit and keep ...