Abstract

Although various management techniques have been in existence since business but the last two centuries have experienced a major change in their management. This can be seen in the improvement of the management system through the use of Management by Objective. it is in view of this that the study examined Management by Objective as a tool for Organizational Performance. A descriptive survey research design was used. the population of the study was both contract and permanent staffs of Guaranty Trust Bank Plc with a total of eleven thousand, two hundred and twenty-six (11,226). The sample size of 388 was determined through the use of Taro Yamane's formula. The Cronbach's alpha coefficient for the constructs ranged between 0.837 to 0.941. A total of 388 questionnaires were distributed with a response rate of 79.6%. The data gathered were analysed using regression analysis. The findings revealed that there is a significant impact of Management by objective on Organizational Performance. The study recommended that managers should encourage employee participation in the setting of organizational goal so as to encourage employees' commitment, satisfaction and performance and regular performance appraisal and feedback should be put in place which in turn leads to greater organizational performance.