An attempt to control everything is control nothing
a) above statement relate to which concept?
b) point (a) belong to a process. State that process

a) management by exception - concept of controlling.
b)step 1 - Setting the standards
step 2 - measuring the actual performance
step 3 - compare actual performance with the set standards
step 4 - Analysing the deviation. This step is followed to correct any deviation from the set or planned standards that have been recognised in the comparison of actual performance with set standards.
Basically, this step suggests that the company focuses on the deviations in the KEY RESULT AREAS or KRAs and avoid the insignificant deviations.
step 5 - correcting the deviations.

  • 2
Management by exception
  • 0
What are you looking for?