What standard points towards the concept of management by objectives?

The concept of management by objectives (MBO) is fundamentally centered on defining specific objectives that both management and employees can agree upon. This approach promotes clarity in roles and aligns individual contributions with organizational goals, ensuring everyone is moving in the same direction.

MBO is characterized by a systematic process whereby objectives are set, progress is monitored, and results are evaluated. This method fosters communication and accountability within the organization, as everyone understands their targets and the means of achieving them. The alignment of personal objectives with company goals enhances motivation, engagement, and productivity among employees.

In contrast, traditional hierarchy, leadership by vision, and team-based performance, while important in their own right, do not encapsulate the principles behind management by objectives as effectively as MBO. Traditional hierarchy emphasizes a more top-down approach without the collaborative goal-setting that MBO promotes. Leadership by vision focuses primarily on inspiring and guiding teams through a strategic perspective, rather than the specific goal-oriented focus of MBO. Team-based performance highlights collaboration and collective effort but does not necessarily involve the structured objective-setting that defines MBO.

Thus, MBO directly relates to a systematic approach in achieving objectives, making it the correct choice when discussing the standard that points towards management by objectives.