Q.Bring out the meaning of Management By Exception (MBE).

Management By Exception means top management deals only with exceptional (significant) deviations from standards, leaving routine matters to lower levels.

Management By Exception (MBE) is a management technique based on the idea that a manager's time and attention should be reserved for matters that really need them. Under MBE:

• Standards or plans are set for performance.
• Actual performance is compared with these standards.
• Only significant deviations (the exceptions) — those beyond an acceptable limit — are reported to and handled by higher management.
• Routine and minor matters that fall within the normal range are settled by subordinates at lower levels. …