Definition: The contingency approach is a management theory that suggests there is no one-size-fits-all solution in organizational practices. Instead, it emphasizes that effective management is contingent upon various internal and external factors.
This approach gained prominence in the 1960s and 1970s as scholars sought to understand why certain management principles worked in some situations but not in others.
The contingency approach posits several key principles:
The contingency approach has practical applications across various management functions:
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