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.

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

A chief executive's management style has a direct effect on the success or failure of a company. Situational contingency theory recognizes that leadership in a board room setting uses a different ...