Management by Objectives has been one of the most successful approaches to management at this point. The fact that MBO has survived for approximately twenty years reveals that it's more than simply a fashionable technique. What's often forgotten, however, is that MBO has changed considerably over time. You may still find some who think of MBO as an appraisal tool. But, if this thin, limited view of MBO is taken, then MBO would indeed have serious limits. Alternatively, if MBO..