Business Studies, asked by namonamo, 10 months ago

the term management by exception was first used by ​

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Answered by devashutosh0
2

Answer:

You can easily find this on Google.

Answered by PBCHEM
0

Answer:

A procedure of reviewing is called Management by exception and it is the practice of examining the financial and operational activity of business activity, and also the only bringing issues to bring the attention of management if results obtained show substantial differences from the budget or expected amount.

The term was first adopted and used by Peter Drucker in his book published in 1954, ‘ The Practice of Management’.

Although the basic ideas of MBO were not originally framed by  Drucker, he assembled from other management practices to create a complete “management by exception “.

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