Question

Which management concept suggests that low-importance decisions be handled by subordinates, so that managers can focus on high-importance decisions?

Answer 1

the working management concept suggests that low-importance decisions be handled by subordinates, so that managers can focus on high-importance decisions

Answer 2

Management by exception is the correct answer.

Explanation:

Management by exception: It is a business management strategy which practices examination of the financial and operational results of a business, and bring issues to the attention of management only if results represent substantial differences from the set standards, norms, business practices, financial goals like profits deviation, quality issues, infrastructure issues, and budgeted or expected amount.

The concept can be fine-tuned, so that smaller variances from examining and dealing with each routine business activities are brought to the attention of lower-level managers, while a massive variance is reported straight to senior level management so that they can examine, investigate and develop solutions for those issues.