English Language Tests-Intermediate level's archive Contemporary theories in management 1. Carter McNamara explains that contemporary theories of management tend to account for and help interpret the rapidly changing nature of today's organizational environments; as before in management history, these theories are in other sciences as well. precious precocious preserved prevalent 2. Contingency theory asserts that when managers make a decision, they must take into all aspects of the current situation and act on those aspects that are key to the situation at hand: basically, it's the approach of 'it depends'. account concern effect focus 3. For example, if one is leading troops in the Persian Gulf, an style is probably best, but if one is leading a hospital or university, a more participative and facilitative leadership style is probably preferred. autistic autocratic automatic autonomic 4. In systems theory, a system is a collection of parts to accomplish an overall goal; if one part of the system is removed, the nature of the system is changed as well. unified unionized united unitized 5. For example, a pile of sand is not a system, because if one removes a sand particle, you've still got a pile of sand; on the other hand, a functioning car is a system because if you remove the , you've no longer got a working car. carburetor cartridge combustor compressor 6. Systems theory has brought about a significant change, or shift, in the way management studies and approaches organizations. paradigm paradox parallax parallel 7. Chaos theory recognizes that events indeed are rarely controlled; theorists suggest that systems naturally go to more complexity, and as they do so, these systems become more (or susceptible to cataclysmic events) and must expend more energy to maintain that complexity. versatile vertiginous volatile voluble 8. As they expend more energy, they seek more structure to maintain stability, and this trend continues until the system splits, combines with another complex system or falls entirely. apart asunder down through 9. The main behind this theory is the underlying notion of small occurrences significantly affecting the outcomes of seemingly unrelated events. precept preview pursuit purview 10. Related to financial markets, proponents of chaos theory believe that price is the very last thing to change for a stock, bond, or some other security, and that price changes can be determined through mathematical equations. plangent pungent stringent tangent . English Language Tests-Intermediate level's archive Contemporary theories in management 1. Carter McNamara explains that contemporary theories of management tend to. tend to account for and help interpret the rapidly changing nature of today's organizational environments; as before in management history, these theories are in other sciences as well energy to maintain that complexity. versatile vertiginous volatile voluble 8. As they expend more energy, they seek more structure to maintain stability, and this trend continues until