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

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Question

Explain the following characteristic of principles of management:

Contingent 

Explain

Solution

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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2023-2024 (February) Delhi Set - 2
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