Management Theories Essay by The Research Group

Management Theories
An examination of the contingency school, T group syndrome, matrix, consulting, portfolio, X and Y, transactional, Robert Merton and more.
# 15544 | 2,700 words | 1 source | 2000 | US
Published on Feb 17, 2003 in Business (Management)

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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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