Theory and Economic Analysis for Business Management - Essay Example

Download file to see previous pages Contingency Theory asserts that administrators make decisions based on the state of affairs at hand rather than a "one size fits all" technique. An administrator takes corrective action based on features most significant to the existing state of affairs. Managers in an institution of higher education may desire to utilize a management approach, which includes a contribution from the workforce while a manager in the armed forces may want to employ a domineering approach.
Looking at the M.A.S holdings, Mr Mahesh the director of this investment used this theory successfully. After the work situations in Sri Lanka had gotten hard, he sought to resolve this matter well within the required period. He decided to put into practice and experience his new-fangled thought and hired the female labour for the real initial instance in Sri Lanka, knowing the reality that female in Sri Lanka were extremely experts in garments related fields. His target was to utilize the cheapest and most expert professionals to labour for them.
Rigby, (2008) affirms that, Hiring women, as employees were not an easy undertaking because the females were not permitted to toil and they were controlled from their families. He started cheering women to abscond their homes and get chances to make wealth. Further, he started diverse operations with the aid of his spouse. He also formed free of charge residence for women, free of charge dispensaries and checkup facilities inside the factories, free of charge breakfast and lunch for women functioning for this undersized entity.
This was more than adequate for the deprived families, so they had deep thoughts of it. As time went, the females from diverse parts of the state got optimistic and went for employment. After several courses of time, the administrator started manufacturing Bra for the prominent corporation brand called Victoria secrets. It was a prominent corporation, and this was not easy to begin dealing with this corporation. 
He persuaded them and made certain that he would congregate their hope.  ...Download file to see next pagesRead More