Management by Exception, Management by Objective, Management Consultant




Management by Exception, Management by Objective, Management Consultant :




Management by Exception : It is that system of management whereby any deviation from the accepted pattern is taken care of, for example, a machine report naming only those projects which are below average, a list of only those customers whose accounts are overdue, etc.



Management by Objective : It is that system of management whereby the administrators and the workers set the goals together work jointly towards achieving them and periodically meet in order to review the progress made



Management Consultant : A person or a firm with expertise in a particular field, for example, in marketing distribution, textile industry, labour relations, etc. who studies and reviews other companies with a view to advise them on the attainment of goals, for example, how to cut cost, how to improve production, etc.




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