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Category: Business
Word Count: 621
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1. MBO in Russia

Goal Setting & MBO

Expectancy theory indicates that a clear understanding of the links between effort and performance, and between performance and outcomes, is desirable. Goal-setting theory extends this premise and suggests that clearly stated, challenging goals serve to motivate employees, while minimising equity issues. One organisational approach based on goal-setting theory is management by objectives(MBO). The rationale behind MBO is twofold. Firstly, management objectives and expectations are clearly de
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