The steps involved in MBO process and the pre-requisite for successful implementation of MBO

MS-01: Management Functions and Behaviour

Course Code: MS-01

Assignment Code: MS-01/TMA/SEM-1/2017

Coverage: All Blocks

Q. 2. State and explain the steps involved in MBO process. Also explain the pre-requisite for successful implementation of MBO quoting examples from the organisation you have worked in or you are aware of.

Ans. The MBO Process

There are three basic steps that are involved in MBO process. They are setting objectives in each key result area, action planning and performance review.

Setting Objectives

The key result areas have more life than the objectives. The first step in an organisation is to define the KRAs and to pin responsibility for certain results having specific managerial positions. After identifying the KRAs, there comes the next step which is to set the objectives within them. At organisational level, there are certain corporate objectives that define the purpose and mission or an organisation.

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