Management by exception is the technique of focusing managerial attention on situations where the difference between actual and desired performance is greatest.

Management by Exception

A management style in which the manager intervenes only when performance deviates significantly from standards, allowing for more autonomous operation of processes.

Managerial Attention

The focus and prioritization that managers give to certain issues, tasks, or information, which can significantly impact decision-making and leadership.

Actual

Pertaining to or representing the current state of affairs or reality, as opposed to potential or theoretical scenarios.