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This is an audio recording summarizing the American Management Association’s audio book, “Managing By Objectives.” This is the third chapter of the book entitled “The Importance of Team Work in MBO.” The narrator begins by describing steps on how to install an MBO plan in a company. He talks about who should make risky decisions in a company hierarchy. He emphasizes the need for an effective exchange of ideas among different levels of management. He discusses the role of team leaders and the need for public relations. He ends the interview by saying that every member of a company is an essential part of MBO, and all must be included and informed in discussions.