Management by objectives is a process of defining objectives within an organization so that management and employees agree to the objectives and understand what they need to do in the organization in order to achieve them. The term management by objectives was first popularized by Peter Drucker in his 1954 book, The Practice of Management. The essence of management by objectives is participative goal setting, choosing course of actions and decision making between management and employees. An important part of management by objectives is the measurement and the comparison of the employees' actual performance with the standard set. Management by objectives works best when employees themselves have been involved with the goal setting and, in choosing the course of action to be followed by them, they're more likely to fulfill their responsibilities. If you plan to implement management by objectives in your organization, our software application called Momentum will simplify this process. More information can be found at www.getmomentum.com