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Explain the following characteristic of principles of management: Contingent - Business Studies

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प्रश्न

Explain the following characteristic of principles of management:

Contingent 

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उत्तर

The contingency approach suggests that management principles depend on organizational context, goals, objectives, external environment, and internal capabilities. Different situations may require different techniques or concepts for success. To achieve targeted objectives, managers must evaluate individual situations and adjust their management approaches accordingly. For example, delegation can empower employees and promote decision-making autonomy in flat organizations. 

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