Peter Drucker influenced the business of management by being the first person to as he wrote, depict management as a distinct function, managing as specific work, and being a manager as a distinct responsibility". Mr. Drucker is also credited with creating the management consulting industry. For more than half a century, he was consultant to some of the largest corporations in the US, Drucker directly influenced a huge number of leaders from a wide range of organizations across all sectors of society. Among the many: General Electric, IBM, Intel, Procter & Gamble, Girl Scouts of the USA, The Salvation Army, Red Cross, United Farm Workers and several presidential administrations.
To leaders, students, and admirers everywhere, he is `the father of modern management' and `the man who invented corporate America.' According to Forbes magazine. His ideas, expressed in countless books, made management a subject worth studying. . He saw the task of modern management as making people capable of "joint performance, to make their strengths effective and their weaknesses irrelevant". Peter Starbuck The Guardian.
According to George Odiome who was one of Mr Duckers' student , MBO is "a process whereby superior and subordinate managers of an Organization jointly define its common goal, define each individuals major areas of responsibility in terms of results expected of him and use these measures as guides for operating the unit and assessing the contribution of each of its members." The MBO concept was popularized by Peter Drucker it is the most widely acceptable philosophy of management today. It is a demanding and rewarding style of management which is closely connected with the concept of planning.
The Benefits of MBO (management by objectives) are;
MOB ensures better