What is a contingency theory?

Answer by  AlexK1257 (28)

Contingency theory is a theory that there is no certain way to run a corporation or to make decisions. Everything is based off of the external and internal situation, and all decisions should be made off of these situations. Basically there is no one best way of organizing. It all depends on the environment and the people you work with.

Answer by  silli586 (1103)

This is a theory that says there is no best way to run an organization. It is often used in terms of Business.