Contingency Approach

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  • A management strategy that argues that effective management involves a contextualized and tailored approach to planning, organizing, leading, and controlling. A key concept is that there is no single best way; rather, what is correct is highly situational, given the needs of the entity and the resources available. This form of management should be used flexibly and efficiently to ensure the well-being of the entity and of the people who participate in the development of the organization. The necessity for change depends on the operation of the entity and the circumstances faced. Some changes may even be environmental when directly dealing with equipment technology and the growth of employment. All these factors must be taken into consideration when delivering a successful contingency approach.

    10.4135/9781412972024.n541

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