The basis of contingency theory in management is that there is no one best way to handle any task or process. Whether organizing an entire company or planning a production work flow, the best solution ...

Contingency management theory says there’s no one-size-fits-all approach — leaders must adapt strategies based on people, tasks and the environment.

Contingency and path theories are ways of analyzing leadership. Contingency theories emphasize the many variables that can differ in any given situation that make one context different from another.