What Is Contingency Approach?

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Contingency approach refers to a concept in management stating that there is no one universally applicable set of management principles (rules) by which to manage organizations. All organizations are individually different, face different situations (contingency variables), and require different ways of managing.
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Contingency approach of power suggests that no particular power base is effective in all situations; rather, effectiveness of power base depends on its matching the situational requirements
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The researchers Hersey and Blanchard have studied situational contingency leadership for many years and written extensively on the subject, breaking it down into a workable model.
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Contingency is a word often used in the process of buying or selling a house. It simply means that the sale is contingent or in guarantee of a specific thing happening. For example;
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An advantage would be if the contingency plan has anticipated the problem then there will be a plan in place to deal with the problem. A key employee leaving the team. On the flip
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Advantages of contingency approach are; ability to control employees and increased pressure on management which in turn enables both management and employees meet ...
Having a systematic approach to identify what can go wrong in an organisation, business or even an institution is called contingency planning. Contingency plans ...
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