Contingency Theory


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Contingency Theory - short version

A theory that presupposes that there is no theory or method for operating a business that can be applied in all instances.



Contingency Theory - long version

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. Instead, the optimal course of action is contingent (dependent) upon the internal and external situation.



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