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From the Paper:Management Theories: A Survey
The Contingency School
The contingency approach to leadership and management often is referred to as so-called, because it “is … a truism that any theory of corporate or business strategy must be, by definition, contingency-based” (Ginsberg & Venkatraman, 1985, 421). In essence, the contingency approach to management means nothing more nor less than that “the appropriateness of different strategies depends on the competitive settings of businesses” (Hambrick & Lei, 1985, p. 765).
The contingency approach to management is a means of developing organizational strategy. Strategic forecasting is the cornerstone in a contingency approach. Forecasting of conditions must be made, with respect to environmental conditions..."
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Management Theories (2003, February 17) Retrieved April 19, 2021, from https://www.academon.com/essay/management-theories-15544/
"Management Theories" 17 February 2003. Web. 19 April. 2021. <https://www.academon.com/essay/management-theories-15544/>