1. There is no one best way to organize or manage a company. The most effective way to organize and manage a company depends on the specific situation and context.
2. Organizations are influenced by both internal and external factors. These factors include the company's size, technology, environment, and goals.
3. Managers must be flexible and able to adapt their approach based on the specific circumstances at hand.
4. The effectiveness of a management approach is contingent upon the fit between the management style and the particular situation.
5. Organizations should be designed in a way that allows for flexibility and the ability to respond to changes in the environment.
6. Managers should be aware of the various contingencies that can affect their organization and be prepared to adjust their approach accordingly.
7. Contingency theory suggests that there is no one-size-fits-all solution to management problems, and that managers must take into account the unique circumstances of their organization when making decisions.
Principles of contingency theory
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