Examlex
The accompanying payoff matrix depicts the possible outcomes for two players involved in a game of Rock, Paper, Scissors. If a player receives a payoff of 1, the player wins; if the player receives a payoff of ?1, the player loses; if both players receive 0 (zero) , the players tie. If Madonna chooses rock and Kid Cudi chooses paper, Madonna's payoff is __________ and Kid Cudi's payoff is ___________.
Contingency Perspective
An approach in management that holds that there are no universal rules or principles that apply to all businesses or situations, and that management strategies should vary depending on the circumstances.
Situational Demands
External factors or necessities that influence how a person behaves or performs in various contexts.
Fiedler's Contingency Model
A theory positing that leadership effectiveness is contingent upon the match between a leader’s style of interacting with subordinates and the degree to which the situation gives control and influence to the leader.
Leadership Style
The characteristic manner and approach by which a leader directs, motivates, and manages their team.
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