Question

The ______________ perspective assumes that the external environment is constantly changing, whether due to competition or customer preferences, while the ______________ management seeks to find ‘best practices’ with data-driven evidence to support solutions.

Answer 1

Answer:

The contingency perspective assumes that the external environment is constantly changing, whether due to competition or customer preferences, while the evidence based management seeks to find ‘best practices’ with data-driven evidence to support solutions.

a. contingency perspective

b. Evidence based management

Explanation:

Management can be defined as the act of planning, directing and controlling people and resource to achieve set organizational goals. There are different perspectives of management. Some of the examples of management perspectives are; contingency perspective and evidence based management. They are further explained below;

a. Contingency perspective

The contingency perspective is a management theory that seeks to provide management solutions to the problems by examining the context of the problems. It involves assessing the external environment that coming up with a management solution that fits the problem. The external environment can be defined as anything outside the organization or the business that can affect the management of that organization or business. They include factors like; competition and customer preferences. Since the external environment is always changing, new and more efficient management techniques also need to be adopted as opposed to having one rigid management perspective. The contingency perspective has the advantage of learning from situations and utilizing the solutions that worked on similar problems in the future.

b. Evidence based management

Evidence management should be on the basis of critical thinking and the best method available considering accessible evidence. The evidence has to be factual data that can be used to formulate a hypothesis. Evidence always involves scientific research or something that is gained through experience that can be used to validate a claim. In the business world, most managers don't rely heavily on the evidence, rather they make their decisions based on evidence and best practices that have worked for other managers in the same situation. Evidence based management seeks to find ‘best practices’ with data-driven evidence to support solutions.