General Studies · Organisational Behaviour

Consider the following statements regarding Contingency Theory of management: 1. Contingency theory rejects the existence of a single best way of managing organisations. 2. Managerial effectiveness depends on the fit between organisational structure and situational variables. 3. It assumes that organisational environments are largely stable, requiring standardised responses. 4. It emphasises that managerial actions should vary based on internal as well as external environmental factors. Which of the statements given above are correct?