MANAGEMENT BY OBJECTIVES. is a management theory that calls for managing people based on documented work statements mutually agreed to by manager and subordinate. Progress on these work statements is periodically reviewed, and in a proper implementation, compensation is usually tied to MBO performance.
see MANAGEMENT BY OBJECTIVES.
The acquisition of a business by (a consortium including) its existing management.... more on: MBO
Management Buy Out - Any public or private company buyout in which long term, experienced, inside management is involved. Have a look out the Our Clients section under Our Services for more detail.
Abbreviation for Management Buy-out.
Basically, an MBO means that the management team of a business, usually with the backing of institutional investors, takes over ownership of the business where they are employed. MBOs emerged during the enterprise years of the 1980s as a major factor in restructuring British industry. Often, a large company hives off one of its subsidiaries by selling it to its management team. Another source of MBOs is family businesses whose owners retire. (See also LMBOs, bought deals and back to basics). The acronym MBO has passed into other languages you can see references to le MBO in the financial press in Paris.
The buying of a company by the current management. An MBO allows the management, along with financial help from investors, to take control of the company in which they work, by using the LBO technique.
Management buy out. A buyout in which the targetâ€(tm)s management team acquires an existing product line or business from the vendor with the support of private equity investors.
Management Buy Out. The purchase of a company by part or all of the existing management team.
Management By Objectives. A system in which specific performance objectives are jointly determined by subordinates and their superiors, progress towards objectives is periodically reviewed, end results are evaluated and rewards are allocated on the basis of this progress.
Management Buy Out - sale of business to Managers previously involved in the business
Take over of a company by existing management. The management holds more than 10% of company shares.
Takeover of a company by own managers.
Management buy out. Where the existing management team are looking to buy the shares or assets from a parent company, or non-group company.
The abbreviation for Management Buyout. When a company is bought by its existing management with the loan secured by company assets.
Management Buy-Out. This is the purchase of a business by its management, usually in co-operation with outside financiers. Buy-outs vary in size, scope and complexity but the key feature is that the managers acquire an equity interest in their business, sometimes a controlling stake, for a relatively modest personal investment. The existing owners sell most or usually all of their investment to the managers and their co-investors. If the outside financier (e.g. venture capital firm) takes a majority stake then the deal is not an MBO but rather an IBO.
MANAGEMENT BUY OUT. A group of managers, acting either on their own or in conjunction with a consortium who purchase and carry on for their own profit the business in which they have previously been employed. The buy out becomes a Management and Employee Buy Out (MEBO) if there is also a substantial employee shareholding.
An MBO involves the management team of a business, usually with the backing of external financing, taking over ownership of the business where they are employed. MBOs are a common way of changing ownership. Often, a large company hives off one of its subsidiaries by selling to its management team. Another source of MBOs is family businesses where the owner wishes to retire.
A leveraged buyout controlled by the members of the management team of a company or a division.
Management By Objective. Topdown management so that all involved know and understand the objectives of the operation.
(Management buy out). The existing management team buying a business from the current shareholders.
Leverage buyout whereby the acquiring group is led by the firm's management.
Management-By-Objective - A term used to describe a method for achieving organizational objectives. Top management would set broad goals, then each subsequent layer below would identify how it would support and implement those goals, providing greater and greater degrees of detail. Dr. Deming notes that the result of MBO as practiced, will likely be suboptimization of the organization. Because there is a strong tendency to focus on the result (numbers), rather than on the systems and processes that produce those numbers, and because the typical reward system emphasizes the importance of those numbers, employees find ways to give management the numbers, often by taking actions that are not in the best interests of the organization.
Management by Objectives (gestion par objectifs)
A transaction where a company is bought by its existing managers from the person, family or company which owns it. Usually this involves their raising development capital for a new company which is then used to buy the target company.
Management By Objectives. A participative goal-setting process that enables the manager or supervisor to construct and communicate the goals of the department to each subordinate. At the same time, the subordinate is able to formulate personal goals and influence the department's goals.
Abbreviation for management by objectives.
Management By Objectives. A system of managerial leadership that defines individual managerial responsibilities in terms of corporate objectives. (PMI)
Management by objectives. Specifies the performance goals that an individual hopes to attain within an appropriate length of time.
Management Buy-Out. When a business is bought by its own management team