Nikita is the manager of a local small hotel. Just today Nikita received word that a major convention will be coming to town nex
t month, and the demand for hotel rooms is expected to skyrocket. In a conversation with the owner, she asked, "What should our approach to pricing be for the week of the convention? Should we require payment in full at the time of the reservation?" Which management method is Nikita using?
According to the contingency viewpoint, there is no particular standard of management. Rather, the type of management style adopted including decisions made depends on the type of situation that the organization is facing at the particular time. Nikita in this scenario is using the contingency approach since she is making decisions based on the upcoming convention.
<span>The lack of well-defined and enforceable property rights is
the major factor when it comes to the slowing growth rate of the less developed
economies. Properties provide a big percent when it comes to economy value, and
without a proper property rights, collecting taxes will not be implemented
well.</span>
