What Is Contingency Approach?

Answer

Contingency approach refers to a concept in management stating that there is no one universally applicable set of management principles (rules) by which to manage organizations. All organizations are individually different, face different situations (contingency variables), and require different ways of managing.
Q&A Related to "What Is Contingency Approach"
The researchers Hersey and Blanchard have studied situational contingency leadership for many years and written extensively on the subject, breaking it down into a workable model.
http://www.ehow.com/info_8615928_role-situational-...
An Approach that say that organisations are different face, different situation and require different ways of managing.
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An advantage would be if the contingency plan has anticipated the problem then there will be a plan in place to deal with the problem. A key employee leaving the team. On the flip
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Contingency:1:a possible event or occurrence or result; 2:the state of being contingent on
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