Asked by
Partho Mandol
on Oct 23, 2024
Verified
Vernon's team has published a quarterly report that shows a significant decline in sales regarding a particular retailer. Until now, the retailer has been a profitable customer for Vernon's company. Vernon needs to find the problem and deal with the situation quickly. In this situation, which of the following management styles would be most appropriate for Vernon to adopt?
A) quality management
B) knowledge management
C) contingency thinking
D) networks model
E) linear programming
Contingency Thinking
An approach that emphasizes the need to tailor decisions and actions to the specifics of a situation rather than relying on one-size-fits-all solutions.
Management Styles
The various approaches and methods employed by leaders in guiding, directing, and motivating employees to achieve organizational objectives.
Knowledge Management
The efficient handling, organizing, and sharing of information and knowledge within an organization.
- Detail the theoretical underpinnings of contingency thinking and its practical application in the field of management.
- Comprehend the importance of matching managerial styles and approaches to specific situations in contingency theories.
Verified Answer
DL
Learning Objectives
- Detail the theoretical underpinnings of contingency thinking and its practical application in the field of management.
- Comprehend the importance of matching managerial styles and approaches to specific situations in contingency theories.