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Explain With the Help of an Example How 'management by Exception' Helps in the Controlling Process.
Explain With the Help of an Example How 'management by Exception' Helps in the Controlling Process.
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Solution
Management by exception is followed when the deviations that surpass the permissible limits are brought to the notice of the manager. As per this concept, if an attempt is made at controlling everything then nothing is controlled.
Therefore, it saves time and money for the organisation and at the same time helps the manager focus on matters that require more attention.
Also read:
- Elements of Directing
- Difference Between Planning and Controlling
- Importance of Controlling
- Importance of Directing
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
Management by exception is followed when the deviations that surpass the permissible limits are brought to the notice of the manager. As per this concept, if an attempt is made at controlling everything then nothing is controlled.
Therefore, it saves time and money for the organisation and at the same time helps the manager focus on matters that require more attention.
Also read:
- Elements of Directing
- Difference Between Planning and Controlling
- Importance of Controlling
- Importance of Directing
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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