Four Stages or Steps in the MBO Process

Four Stages or Steps in the MBO Process
Generally, there are four stages or steps in the MBO process.
Stage 1. Collectively fixing objectives
The superior and subordinate managers collectively fix the objectives. The objectives are fixed for the Key Result Areas (KRAs). KRAs are those areas which are very important for the long-term success of the organisation. For e.g. R & D, Production,