The principles of modern management theories that can be applied in a healthcare setting would be contingency and resource dependency theories. According to Weill and Olson (1989), An Assessment of the Contingency Theory of Management Information System in contingency theory, is a class of behavioral theory that claims that there is no best way to organize a corporation, to lead a company, or to make decisions. The health care industry is constantly shifting, meaning fluctuations in medical procedures and the environment of the workplace. According Weill and Olson (1989), the theory stated that management should stay flexible and remain capable of reorganizing structurally and procedurally as needed to keep up with demands and requirements. Moreover, the theory clearly applies to the hospital setting as the administration should be willing to adjust to issues that fit the demands of the workplace. This will aid in reducing the stress within the work environment.
According to Davis and Cobb (2009), Resource Dependence Theory: Past and Future, mentioned that the resource dependence theory organizational accomplishment happens when a business capitalize on its power and influences in gaining the resources necessary for the businesses’ existence. Most businesses that are deficient in resources will seek to become partners of other organizations who have more resources. The dependence connection means that organizations become dependent on each other’s ability to have access to necessary resources, and the power is given to the organization who possess the maximum amount of resources. Resource dependence theory when applied to a hospital setting would be used as a measurement to optimize resources needed for a hospital to be successful.
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