New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Consider the following Statements about the "contingency

    approach" to management and choose the option with Correct Statements. I- It was emerged as a response to the limitations of earlier universalistic management theories, posits that the effectiveness of specific management practices and organizational structures is intrinsically linked to a complex interplay of factors, including the organization's size, industry, culture, technological sophistication, and the dynamism and complexity of its external environment. II- There is a single, universally applicable set of management principles that can be applied to all organizations, regardless of their unique context or circumstances. III- The optimal management approach is contingent upon the specific internal and external factors that characterize an organization, necessitating flexibility and adaptation. IV- Organizations should focus on passively adapting to their external environment, accepting it as an uncontrollable force that dictates their strategies and actions.
    A I & III Correct Answer Incorrect Answer
    B I, II & III Correct Answer Incorrect Answer
    C I & IV Correct Answer Incorrect Answer
    D II & III Correct Answer Incorrect Answer
    E I, II & IV Correct Answer Incorrect Answer

    Solution

    The "contingency approach" to management, which emerged as a response to the limitations of earlier universalistic management theories, posits that the effectiveness of specific management practices and organizational structures is intrinsically linked to a complex interplay of factors, including the organization's size, industry, culture, technological sophistication, and the dynamism and complexity of its external environment. This perspective challenges the notion of a "one-size-fits-all" management solution and instead advocates for a more nuanced and adaptable approach. The contingency approach emphasizes the need to tailor management practices to the specific context of an organization. It recognizes that different situations call for different approaches, and there is no universally applicable solution. This requires managers to be adaptable and flexible, adjusting their strategies and practices based on the unique characteristics of their organization and its environment.

    Practice Next