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(b) Management by Exception: Management by exception is often called as control by exception, is an important principle of management control, based on the belief that an attempt to control everything results in controlling nothing. In short, everything cannot be controlled at the same times 5.
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- What Is The Meaning of Controlling?
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Let’s begin the revision notes class 12 business studies chapter 8 by looking at the definition. In a basic sense, controlling consists of the comparison that exists between the actual performance and the planned performance. As you might have guessed, this practice of controlling helps an organization to achieve the objectives efficiently and effe...
Till now, in this class 12 revision notes chapter 8, we have looked at what controlling is and why it is important. In this section, we will move towards the various features of controlling. To help readers grasp this concept quickly, we have created a list of those features. And that list is mentioned below. 1. Controlling is goal-oriented 2. Cont...
Did you know that according to various controlling class 12 business studies revision notes, there are also many limitations of controlling? This is true and some of those limitations are: 1. It is difficult to set quantitative standards. Further, control systems tend to lose their effectiveness if the standards of performance are not defined in qu...
Question. Explain how 'management by exception' helps in the controlling process. Solution. It is an important principle of management. Control is based on the belief that an attempt to control everything results in controlling nothing.
Sep 26, 2023 · Management by exception is the principle that a manager should consider while dealing with deviations effectively. It is also referred to as control by exception.
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Jul 15, 2022 · Management by Exception: This technique of management is based on the belief that ‘an attempt to control everything results in controlling nothing’. According to this, only the essential and significant deviations that are beyond the acceptable limit should be controlled.
1. In a marketing firm, the Financial Manager pays more attention towards an increase of 3% in the marketing cost as compared to a 15% increase in the courier expenses. Identify the concept being used by the manager. (a) Management by exception. (b) Critical point control. (c) Corrective action. (d) None of the above.
Sep 18, 2020 · (RBSE) Class 12 | Management by Exception (MBE) | Management Principles (Part 4) | 2020-2021🔵 Download (RBSE) Class 12 Business Studies Full Syllabus Notes...
