Proponents of the Contingency Approach to Management Believed That the Best

question 50

True/False

Proponents of the contingency approach to management believed that the best way to manage was through the use of mathematical forecasting techniques.

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Definitions:

Resources

Resources refer to materials, money, staff, and other assets that can be used by an organization or individual to achieve specific goals or conduct operations.

Sustained Competitive Advantage

The long-term ability of a company to remain more competitive than its rivals by maintaining unique value propositions.

Training And Reward

The process of providing employees with the necessary skills for their roles and incentivizing them with various forms of compensation or recognition.

Talent

The innate abilities, skills, and expertise that individuals possess, which can be leveraged to meet organizational goals.