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what is management by exception

what is management by exception

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Management by exception is an approach to managing operations, by concentrating on areas that deserve attention, rather than on all areas under purview. It seeks to increase the effectiveness of managers whereby they spend time and effort on problem areas and bypass areas that are under control.

One way of practicing it is by reviewing areas that have significant variances from budgets or norms. Such areas are to be highlighted and put up to the appropriate level, where decisions can be taken.

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