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The contingency theory is also beneficial as it widened our understanding of leadership, by persuading individuals to consider the various impacts of situations on leaders. Another strength of the contingency theory is its predictive nature that provides an understanding to the types of leaders that will be most effective in specific situations.
Fiedler's contingency model is a dynamic model where the personal characteristics and motivation of the leader are said to interact with the current situation that the group faces. Thus, the contingency model marks a shift away from the tendency to attribute leadership effectiveness to personality alone. [5]
Contingency is one of three basic modes alongside necessity and possibility. In modal logic, a contingent statement stands in the modal realm between what is necessary and what is impossible, never crossing into the territory of either status. Contingent and necessary statements form the complete set of possible statements.
Management and business leadership as a profession arose during the industrial revolution with the advent of businesses much too large to be managed by a single entrepreneur. [1] With this profession a formal interest developed in labor relations, motivation of a work force, and efficiency in production.
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
Contingency (evolutionary biology) Contingency management, in medicine; Contingent claim, in finance; Contingent fee, in commercial matters; Contingent liability, in law; Contingent vote, in politics; Contingent work, an employment relationship; Cost contingency, in business risk management "Contingency" (Prison Break), a television series episode
Whether you're buying or selling a home, getting the home under contract is just the start of the process. Since most Americans don't buy their homes with cash, they need a mortgage to complete ...
Primary, alternate, contingency and emergency (PACE) is a methodology used to build a communication plan. [1] The method requires the author to determine the different stakeholders or parties that need to communicate and then determine, if possible, the best four, different, redundant forms of communication between each of those parties ...