Question

How does the Contingency Approach view the role of social trends in influencing management decisions?

1. Social trends are irrelevant external factors for management.
2. Managers should consider social trends as important situational determinants.
3. Social trends only affect non-profit organizations.
4. The Contingency Approach focuses exclusively on economic factors.

• A. 3, 4
• B. 4
• C. ഇവയൊന്നുമല്ല
• D. 2 മാത്രം

Answer 1

Answer:

D. 2 മാത്രം

• The Contingency Approach recognizes that external factors, including social trends, play a significant role in shaping an organization's environment and influencing managerial decisions.

• For example, changing societal attitudes towards environmental sustainability, labor practices, or ethical conduct can necessitate adjustments in an organization's strategy, operations, and management style.

• Ignoring such trends can lead to a mismatch between the organization and its environment, potentially harming its effectiveness and long-term viability.