Usually businesses set their objectives to go forwards and meet their aims, but there might be some disadvantages with setting objectives. As one of disadvantages of setting objectives might be that business focuses to one specific objective and it might leave other important things neglected....
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Peter Drucker, who died on November 11, 2005 at the age of 95 at his Californian home in Claremont, leaves us a monumental work. The formalization of MBO principles is one of its pillars. In 1940, observing Alfred Sloan’s management at General Motors, he noticed...
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