management by exception (MBE)
Definition
Practice whereby only the information that indicates a significant deviation of actual results from the budgeted or planned results is brought to the management's notice. Its objective is to facilitate management's focus on really important tactical and strategic tasks. In MBE, the decision that cannot be made at one level of management is passed on to the next higher level.
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management by exception (MBE) is in the Entrepreneurship, Management, & Leadership subject.
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