The difference between a "generic" and a "contextual" management practices is:
A)None: the concepts are identical in practice.
B)The performance impact of a generic practice is independent of the firm's other practices; the impact of a contextual practice depends upon the firm's other practices.
C)Generic practices relate to basic functions; contextual practices tend to be more idiosyncratic.
D)A generic practices offers incremental performance improvement; a contextual practices leads to a new fitness peak.

Question

Quizplus · Accepted Answer

Generic management practices are basic, standardized practices that are generally applicable to all firms. Contextual management practices, on the other hand, are tailored to the specific context of a firm, such as its industry, size, or culture. The performance impact of a generic practice is independent of other practices employed by the firm, whereas the impact of a contextual practice depends upon the firm's other practices. In other words, a contextual practice may have a positive impact if it is implemented in a way that complements the firm's other practices, but may have a negative impact if it is implemented in a way that conflicts with or undermines the firm's other practices.

The Difference Between a "Generic" and a "Contextual" Management Practices