A process whereby superiors and subordinates jointly set goals and assess contributions of Every one to the common goals is called

A process whereby superiors and subordinates jointly set goals and assess contributions of Every one to the common goals is called MBO. MBO is "a process whereby superior and subordinate managers of an Organisation jointly define its common goals, define each individual's major areas of responsibility in terms Of results expected of him and use these measures as guides for operating the unit and assessing the contribution of each of its members."