What Is Contingency Approach?

Answer

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.
Q&A Related to "What Is Contingency Approach"
It may not be beneficial for all businesses since it only expects the organisation to suit the leadership style available and does not expect the leader to change his or her style
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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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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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Contingency approach to organizational structure is a management theory that argues that the approach to an issue is determined by the individual particulars of that issue. Traditional
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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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