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What is the contrast between gain contingency and loss contingency?
A gain contingency is where a gain will incur if certain future events incur or not occur while loss contingency is the posting of a future loss that may result from some event or happening
Use contingency in a sentence in buyig a house?
When buying a house it is always wise to have a contingency fund in order to deal with unexpected expenses.
What are the four popular variables of contingency approach in management?
During 1970s, the United States of America was suffering unprecedented social, economic and political instability, with the great impact posed on western society by the crisis of oil, and the changing environment all the industries were facing. Previous management theories, such as scientific management theory, science of behaviour management theory and so on, only focused on how to improve enterprises' internal organizational structure. Furthermore, what the vast majority of these theories pursued were models and principals of universal suitability and the best solution to the unstable environment. Unfortunately none of these theories worked. As a result, people no longer believed that there would be any certain theory that could provide the best solution. Instead, they must use different methods under the changing conditions. In 1973, there was a new theory carrying, called contingency theory. In contingency theory, Jay Galbraith (1973) stated that there is no one best way to organize; any way of organizing is not equally effective. Whatever the way, in which organizations construct their organizational structure, it is dependent upon the following four contingency variables: technology, size, degree of environment and the organizations' strategy. This essay is focus on how the four contingency variables influence organization's structure. The more contingency variables confronted by an organization, the more differentiated its structure needs to be. An organizational structure is a formal framework by which job tasks are divided, grouped and coordinated (Robbins, et al., 2003). The top managers of the organizations spend most of efforts to design the organization structure, in order to approach their objectives. To design the organizational structure, it involves six key elements, such as: work specialization, departmentalization, chain-of-command, span of control, centralization and decentralization, and formalization (Robbins, et al., 2003). The right organizational structure would allow their...
In real estate what does Ctg stand for?
CTG is an abbreviation for "contingency". The contingency could be a house to sell, house to close, financing, or short sale. This usually means the the seller has accepted a contract based on a contingency. Depending on the type of contingency, and terms of the accepted contract, the seller may have the option to continue to show the property in search for a non contingent offer.
What does the abbreviation CTG stand for in real estate?
Contingency.
What is the weakness of contingency theory of management?
weakness of contingency and system theory
Difference between system theory and contingency theory of management?
System theory focuses on the interrelationships and interactions between various components within an organization, emphasizing the whole system as more than just the sum of its parts. Contingency theory, on the other hand, emphasizes that there is no one best way to manage an organization and that the most effective management structure and strategies depend on the specific context or situation.
Is contingency theory and contingency leadership the same if not can I get the meaning of contingency leadership please Thank you?
What is the meaning of contingency leadership in relation to Human Resource Management
Who formulated the heliocentric theory?
copernicus coined the heliocentric theory...
Who formulate the geocentric theory?
ptolemy formulated the geocentric theory...
What are the types of management theory?
system management chaos theory freedom-based management theory contingency theory
When was the atomic theory formulated?
1803
John palton with his formulated the theory of relativity?
palton's atomic theory
When did they formulate the cell theory?
they official formulated the cell theory in 1665
What are types of management theories?
system management chaos theory freedom-based management theory contingency theory
What if nursing theories were not formulated?
environmental theory
What is the date of no boundary universe theory?
The no boundary universe theory was formulated in 1983.
