What concept involves setting specific, measurable goals for team performance?

The concept of Management by Objectives (MBO) is centered around establishing clear and measurable goals for individuals and teams within an organization. This approach emphasizes aligning the goals of various organizational levels to ensure that everyone is working towards a common purpose. MBO typically involves a process where managers and employees collaboratively set objectives that are specific, measurable, achievable, relevant, and time-bound (SMART).

This method not only enhances clarity regarding expectations but also motivates employees by providing them with clear targets. As performance against these objectives is regularly reviewed, it enables continuous feedback and the opportunity for adjustments, which contributes to improved motivation, engagement, and ultimately, performance.

The other options reflect important aspects of organizational management but do not specifically focus on the goal-setting aspect inherent in MBO. Task Management Systems often relate to organizing and prioritizing work but may lack explicit goals. Performance Evaluation Metrics are tools used to assess employee performance, typically based on predetermined criteria, but do not involve the collaborative goal-setting process that defines MBO. Team Building Strategies focus on fostering interpersonal relationships and collaboration within the team but do not directly address the systematic goal-setting aspect that MBO represents.