Management by objectives is a technique and system which helps in improving organization performance. It is a comprehensive managerial system that integrates many key managerial activities in a systematic manner. Consciously directed towards the effective and efficient achievement of organization objectives. Its basic idea has been derived from the concept of participative goal setting as a technique of organisational development. The term Management by objectives was coined by Drucker in 1964 when he emphasized the concept of managing by results. Since then, many business and non-business organizations have adopted this in some form or the other.