Difference between revisions of "Management by exception"
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| − | [[File:Leadership-styles.png|400px|thumb|right|[[Full Range Leadership Model]]]][[Management by exception]] (hereinafter, the ''Style'') is leadership style of someone who 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 leader]]s. | + | [[File:Leadership-styles.png|400px|thumb|right|[[Full Range Leadership Model]]]][[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 leader]]s. |
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| + | ==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. | ||
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[[Transactional leadership]]. | [[Transactional leadership]]. | ||
| − | ==Related | + | ==Related lectures== |
| − | + | *[[Leadership Quarter]]. | |
| − | [[Category: Septem Artes Administrativi]][[Category: Articles]] | + | [[Category: Septem Artes Administrativi]][[Category: Articles]][[Category: Accounting]] |
Latest revision as of 11:57, 15 July 2020
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
