Three phases of the management process are planning, directing, and controlling (management by exception). One type of
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Phase of management process Description
Strategic planning a. Isolating significant departures from plans for further investigation and possible remedial action. It may lead to a revision of future plans.
Directing b. Process by which managers, given their assigned levels of responsibilities, run day-to-day operations.
Management by exception c. Developing long-range courses of action to achieve goals.
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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