Concept:
Delegation of authority involves assigning responsibility and authority to subordinates to achieve organizational objectives.
Step 1: Understanding MBO.
MBO (Management by Objectives) is a management approach where goals are set jointly by managers and subordinates.
Step 2: Link to delegation.
In MBO, responsibilities are clearly defined and delegated to employees, making delegation more effective and structured.
Step 3: Evaluate options.
- MBO $\rightarrow$ Facilitates delegation through goal-setting (correct)
- MBM $\rightarrow$ Not a standard concept (incorrect)
- MBA $\rightarrow$ Degree, not a method (incorrect)
- MBE (Management by Exception) $\rightarrow$ Focuses on deviations, not delegation (incorrect)
Step 4: Conclusion.
Thus, delegation of authority is easily done with the help of MBO.