Contingency theory is a class of behavioural theory that claims that there is no best way to organize anything. Contingency also means in lawyer terms, if you win I get paid, if you don't win, I don't get paid. Be careful of anything labeled as contingency. You might get suckered into something that you are not aware of. Business question: What is contingency theory of leadership? It is the
. theory that there is not a one-size-fits-all leadership strategy.