+3 votes
in Class 12 by kratos

Give the meaning of “Management by Exception”.

1 Answer

+1 vote
by kratos
 
Best answer

The Principle of Management Control is based on the belief that – “An attempt to Control Everything may end up by Controlling Nothing”. Minor Deviations from Standards are Insignificant for Success. They should be Ignored. Thus any significant deviation which goes beyond the permissible limit should be reported to the Management so that Corrective Action to deal with the situation can be taken up.

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