Editing Management by objectives (section)

== Recent research ==
Management by Objectives is still practiced today, with a focus on planning and development aiding various organizations.<ref>{{Cite journal|last=Raj|first=Ritu|date=12 October 2012|title=The Concept of Management by Objectives|url=http://rituinc.com/the-concept-of-management-by-objectives/|journal=Ritu, Inc.}}</ref> The most recent research focuses on specific industries, specifying the practice of MBO for each.<ref>Xihuai, L. (2014). On Application of MBO in College.</ref><ref>Nouiri, Issam "Objective optimization tol for integrated groundwater management." ''Water Resource Management''. November 2015. vol. 29 issue 14.</ref> In addition, following criticism of the original MBO approach, a new formula was introduced in 2016, aiming at revitalizing it, that is the OPTIMAL MBO, which stands for its components, namely: (O) Objectives, Outside-in; (P) Profitability (budget) related goals; (T) Target Setting; (I) Incentives & Influence; (M) Measurement; (A) Agreement, Accountability, Appraisal, Appreciation; and (L) Leadership Support.<ref>{{Cite web|url=https://www.researchgate.net/publication/319670872|title=The OPTIMAL MBO|last=Gotteiner|first=Sharon|date=2016|publisher=European Accounting and Management Review Vol. 2, Issue 2, pp. 42-56}}</ref>

While the practice is used today, it may go by different names – the letters "MBO" have lost their formality, and future planning is a more standard practice.<ref name=":0">{{Cite news|url=http://www.economist.com/node/14299761|title=Management by objectives|newspaper=The Economist|issn=0013-0613|access-date=2016-04-27}}</ref>