Contingency theory postulates that a firm's strategy must to flexible in order to meet any possible contingency.

Question

Quizplus · Accepted Answer

Contingency theory suggests that there is no one best way to organize a corporation, to lead a company, or to make decisions. Instead, the optimal course of action is contingent upon the internal and external situation. It does not specifically state that a firm's strategy must be flexible.

Contingency Theory Postulates That a Firm's Strategy Must to Flexible