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  • Essay / Contingency Theory Essay - 1102

    Economics plays a role in how money is made. The turnover rate plays a role in hiring and firing. An organization cannot operate productively understaffed. Therefore, there can be no precise way to run a business by the books. The third factor is the leadership factor. Contingency as it relates to a business is leadership. The types of leadership in place greatly affect the success or failure of any established emergency plan. Having someone who is not liked or respected can create chaos and negatively impact an organization. The right people must be in the right positions. Leadership styles differ depending on their impact on the work group. How employees connect with the leader is important. If employees don't like or trust the leader, it can impact the outcome of the work and create future obstacles. If you work for someone, you need to be able to relate to them. There must be a formal relationship for formal authority to be respected. The traits of a good leader are reliability, respect, honesty and strictness. When you have leaders who take their role seriously, you can form an unshakable backbone for an organization. You are born leaders and you have trained leaders. Martin Luther King was a born leader of the civil rights movement. King understood that there was something that needed to be changed and he took the necessary steps to change the world. Born leaders do not need