Which of the following statements best reflects the Management by Objectives (MBO) approach?
1
MBO focuses on aligning the company's strategic goals with individual employee objectives through mutual agreement and periodic reviews.
2
MBO primarily emphasizes top-down decision-making and centralized control.
3
MBO neglects employee input and focuses solely on financial outcomes.
4
MBO is a method that discourages feedback, focusing instead on individual objectives without aligning them with the company’s goals.
5
MBO encourages employees to set their own performance goals but does not involve managers in the process.