Managers have always been asked the right kind of management questions: "What are the right thing and right way to do? Whether designing part should be scientific or it can be natural? Should we go to the local level or widen our horizon to the global levels? While communicating and controlling it should be simple, or there should be various steps to it? What kind of leadership are we looking up to, leadership or task-oriented? What are multiple ways to motivate employees via rewards or something different?
Well, Here, the contingency approach to management comes into play. Different ways are there, and no single method to manage the planning, organizing, leading, and controlling for effective management. It should be tailored according to the particular situation and circumstances the organization comes across while working on certain projects or daily activities. Since the organization is such a big cycle that people keep on changing, there is no single contingency approach to management.
So, the best way is to depend on the situation and work accordingly.
The primary theory of contingency management has various aspects like:
When you google, there are various contingency synonyms like a crisis, emergency, exigency, juncture and all of these means the same that is the crisis or state of emergency. Similarly, organizations need to face various contingencies, and it can be because of different reasons and situations. In addition to the ones provided and identified above, other factors also have to be considered as part of the contingency approach to management.
One of them is customer diversity and the globalization of the business. We need employee diversity, service and product diversity, and we might need to create special units and divisions. An organization operating within Australia may need to adapt at various levels like local, state, federal laws and regulations. International businesses may need to adjust their organizational structures, management techniques, and products or services to accommodate distinct cultures, beliefs, and tastes.
Similarly, the availability and cost of financial resources and the availability and price of support institutions may impact an organization's decision to develop or purchase new products.
The following are the main strength of the contingency approach:
Contingency theory has several drawbacks, including:
Contingency Approach To Management arose from dissatisfaction with trait-based theories of leadership success. In the 1960s and 1970s, Fred Fiedler was a pioneer in this field. If you'd want to learn more about us at Sample Assignment, we make it a point to supply you with all assignment writing services in the course curriculum, as well as any questions you may have about your assignment. Several students confront obstacles such as a lack of resources, a lack of time, and so on.
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