Contingency theorists argue that an organization that adapts to its environment will perform better than an organization that does not (Donaldson‚ 1996) and that mismatched characteristics within organizational configurations will prevent an organization from achieving natural harmony with its environment that will lead to better performance (Mitzberg‚ 1981). In contrast to the classical scholars‚ most theorists today believe that there is no one best way to organize. What is important is that there
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Contingency theory is a class of behavioral theory that claims that there is no best way to organize a corporation‚ to lead a company‚ or to make decisions. Instead‚ the optimal course of action is contingent (dependent) upon the internal and external situation. A contingent leader effectively applies their own style of leadership to the right situation. In contingency theory of leadership‚ the success of the leader is a function of various contingencies in the form of subordinate‚ task‚ and/or
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third-party investigation………………....…..13 5.4 Communication channels…………...…………………………………….16 6. Training……………………………………………………………………..19 7. Rehearsals……………………………………………………………….….19 Appendix…………………………………………………………………...…20 1. INTRODUCTION This contingency plan is prepared to eliminate or reduce damages from crises that influenced Hong Kong Baptist University (HKBU) or incidents that trigger potential damage against the university in respect of reputation‚ image or financial stability. HKBU was established
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Contingency Factors Podcast Transcript Speakers: Diane‚ Scott‚ Elizabeth Reeves Fidler Diane: Hey everyone‚ welcome to the podcast where we talk in detail about management and business principles that YOU need for success. Scott: Welcome to this week’s podcast and we have for you - Plan B! Diane: You mean we’re not going to discuss contingency factors in planning? (laughter) Diane: Never mind – of course! Contingency factors - also known as ‘Plan B’ Scott: That’s the one. That plan we’ve
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approach to the application of contingency theory on its leadership style. 2.0 Problem Identification: The problem that Temasek Holdings is dealing with is about the company’s leadership style. After the global financial crises the company suffered a lot and the value of its investment portfolio felled by more than 30 per cent. The CEO at the time Ho Ching‚ was too classical in her leadership approach failing to use modern leadership structures like the contingency theory and situational leadership
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CONTINGENCY THEORY Contingency Theory is a class of behavioral theory that claims that there is no best way to organize a corporation‚ to lead a company‚ or to make decisions. Instead‚ the optimal course of action is contingent (dependent) upon the internal and external situation. The leading practitioners of which were Tom Burns‚ Joan Woodward‚ Paul Lawrence‚ Jay Lorsch‚ and Fred Fiedler‚ an otherwise theoretically eclectic group who were nevertheless united in their belief that no single organizational
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Contingency theory suggests that it is possible to organize too much to meet the needs of the environment. This would be a case of strategic misfit. Think of an example of misfit caused by an inappropriate organization design. Explain how a firm’s structure could systematically increase its costs and place it at a strategic disadvantage. Contingency theory is the idea that there is no uniformly “best” structure for all firms in all circumstances. Contingency theory has focused on three factors
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HONG KONG BAPTIST UNIVERSITY CONTINGENCY PLAN Team Member 陈韵筱 12427470 黄汝兮 12404594 罗诗韵 12414670 罗雨婷 12405426 邵滟婷 12414654 Content 1. Introduction……………………………………………………………….…3 2. Objectives of the plan………………………………………………………..3 3. Stakeholders of Hong Kong Baptist University……………………………..4 4. List of potential risks………………………………………………………...4 5. Fabricating academic credentials of teaching staffs………… ………………..5 5.1 Situation identification…………………………………………
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insufficient contingency planning A failure to communicate effectively with the public at a personal level‚ by phone and through the media What were the lessons learned? A number of the lessons indicate that closer attention to project management techniques could have mitigated the failures. In particular‚ the main lessons were: New systems must be thoroughly tested Staff must be fully trained and adequate time allowed to learn new processes Realistic contingency plans are required
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Week 2 – 2hr Workshop - Contingency KEY TERMS AND CONCEPTS Contingency: a theory meaning one thing depends on other things. Contingency approaches: approaches that seek to delineate the characteristics of situations and followers and examine the leadership styles that can be used effectively. Fiedler’s contingency model: a model designed to diagnose whether a leader is task-oriented or relationship-oriented and match leader style to the situation. Situational theory: Hersey and Blanchard’s
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