Management by exception
Management by exception (hereinafter, the Style) is leadership style of someone who maintains the status quo and intervenes into lower level management only if financial and/or operational results substantially differ from the budgeted or expected figures. The leader who exercises the Style is considered being a type of transactional leaders.
Definitions
According to Managerial Accounting by Braun, Tietz (5th edition),
- Management by exception. A management technique in which managers only investigate budget variances that are relatively large.
Full Range Leadership Model
- Main wikipage: Full Range Leadership Model
Full Range Leadership Model. A model that depicts seven managerial leadership styles on a continuum: (1) laissez-faire, (2) management by exception, (3) contingent reward leadership, (4) individualized consideration, (5) intellectual stimulation, (6) inspirational motivation, and (7) idealized influence.
Transactional leadership
- Main wikipage: Transactional leadership
