contingency approach

Definition

An assumption that no one theory or method for business management can apply to all businesses or to all circumstances. From a business perspective, using a contingency approach to problem solving would indicate that issues need to be understood and then addressed in ways that depend on the environment and context in which they occur.

Use this term in a sentence

Related Videos




http://www.businessdictionary.com/definition/contingency-approach.html

Have a question about this term? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z