Q. What is Future oriented appraisals?
Management by objectives: it was Peter F. Drucker who first gave the concept of MBO to the world way back in 1954 when his practise of management was first published. The MBO concept, as was conceived by the Drunker, reflects a management philosophy which values and utilized employee contributions. Application of the MBO in the field of performance appraisal is a recent thinking.
According to the Prof. Redden, "MBO is the establishment of effectiveness areas of effectiveness standards for managerial positions and the periodic conversions of these into measurable time bound objectives linked vertically and horizontally and with future planning.
According to the S.K. Chakravarty, "MBO may be defined as a result centred, non specialists operational managerial process for the effective utilization of material, physical and human resources of the organization, by integrating to the individuals with the organization and organization with the environment".