Contingency Theory Is Based on Closed-Systems Theory and Recognized That

question 26

True/False

Contingency theory is based on closed-systems theory and recognized that there are many internal and external factors that influence organizational behavior.

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Definitions:

PIMS Data

Database information from the Profit Impact of Market Strategy project, which analyzes business strategies and their impact on profitability.

BCG Matrix

A strategic business tool developed by the Boston Consulting Group to help organizations with portfolio management, analyzing business units or product lines based on their market growth rate and market share.

SWOT Analysis

A strategic planning tool used to identify and analyze the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Per-Unit Costs

The total expense incurred to produce, store, and sell one unit of a product or service, including material, labor, and overhead costs.