Explain Douglas McGregor's approach to MBO
What will be an ideal response?
Douglas McGregor suggested a modified approach to MBO under the concept of "management by integration and self-control." MBO is used to provide an opportunity for managers and subordinates to mutually define and agree upon areas of responsibility, specific performance goals, and the terms of the expected outcomes. Managers establish their performance goals after reaching agreement with their superior regarding major job responsibilities. Accomplishments are appraised after a short period, usually six months. Another set of performance goals are established. McGregor advocated this concept for appraising performance, since it shifted the emphasis from weakness and criticism to an analysis of strength and potential. In this application of MBO the supervisor's role is one of counseling, coaching, or process skills.
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a. price shading b. price lining c. devaluation d. consumer discounts
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a. a separate schedule b. the cash flows from financing activities section c. the cash flows from investing activities section d. the cash flows from operating activities section