Management by Objectives (MBO) as an Instrument for Organizational Performance of Deposit Money Banks in Nigeria

Abstract

This study investigated Management by Objectives (MBO) as an instrument for organizational performance of deposit money banks in Nigeria, Yola metropolis in particular. Data for the study was sourced through the use of structured questionnaires distributed to the selected deposit money banks (Diamond, Fidelity and Access banks). The study employed descriptive statistics, multiple regression technique in estimating the relationship between MBO and organizational performance of deposit money banks in Yola metropolis, correlation coefficient was also used to test the extent to which MBO relate to organizational performance of deposit money banks. The study revealed that involvement of employees in Goal Settings (GS), Delegation of Authority to the employees (DA) and Motivation to the employees (M) were positively affecting organizational performance of the deposit money banks in Yola metropolis and their coefficients were rightly signed, implying that increase in the  involvement of employees in Goal Settings (GS), Delegation of Authority to the employees (DA) and Motivation to the employees (M) will improve the performance of deposit money banks in Nigeria.

Keywords: Management, Organizational Performance, Deposit Money, Nigeria