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Question 21 (6 marks) (a) Outline ONE strength and ONE weakness of political management theory - HSC - SSCE Business Studies - Question 21 - 2007 - Paper 1
Question 21
Question 21 (6 marks) (a) Outline ONE strength and ONE weakness of political management theory. ...................................................................... show full transcript
Worked Solution & Example Answer:Question 21 (6 marks) (a) Outline ONE strength and ONE weakness of political management theory - HSC - SSCE Business Studies - Question 21 - 2007 - Paper 1
Step 1
Outline ONE strength and ONE weakness of political management theory.
Answer
Strength: One notable strength of political management theory is its recognition of 'power plays' within groups. This perspective emphasizes understanding the dynamics of influence and the importance of coalitions among stakeholders, which can enhance decision-making processes.
Weakness: Conversely, a key weakness of this theory is its tendency to focus on one aspect of management, specifically power dynamics. This overemphasis can lead to the neglect of other crucial business functions, potentially resulting in an imbalanced approach to management.
Step 2
Explain why contingency management theory is being more widely used by businesses.
Answer
Contingency management theory is gaining traction in businesses primarily due to its inherent flexibility and adaptability. This approach allows organizations to respond effectively to varying internal and external environments, acknowledging that no single management style is universally applicable.
By considering the diverse needs and expectations of different stakeholders, contingency management offers a holistic view of numerous factors influencing business operations. Moreover, it integrates various management strategies to address problems as they arise, making it a pragmatic choice in today's fast-paced and unpredictable business landscape.