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A contingency theory is an organizational theory that claims that there is no best way to organize a corporation, to lead a company, or to make decisions. Instead, the optimal course of action is contingent (dependent) upon the internal and external situation.
Contingency is not impossible, so a contingent statement is therefore one which is true in at least one possible world. But contingency is also not necessary, so a contingent statement is false in at least one possible world. α While contingent statements are false in at least one possible world, possible statements are not also defined this ...
The plan may also include standing policies to mitigate a disaster's potential impact, such as requiring employees to travel separately or limiting the number of employees on any one aircraft. During times of crisis, contingency plans are often developed to explore and prepare for any eventuality.
Contingency or Contingent may refer to: Contingency (philosophy), in philosophy and logic; Contingency plan, in planning; Contingency (electrical grid), in electrical grid engineering; Contingency table, in statistics; Contingency theory, in organizational theory; Contingency (evolutionary biology) Contingency management, in medicine ...
The contingency theory views organization design as "a constrained optimization problem," meaning that an organization must try to maximize performance by minimizing the effects of varying environmental and internal constraints. [44] Contingency theory claims there is no best way to organize a corporation, to lead a company, or to make decisions.
The cost contingency which is included in a cost estimate, bid, or budget may be classified as to its general purpose, that is what it is intended to provide for. For a class 1 construction cost estimate, usually needed for a bid estimate, the contingency may be classified as an estimating and contracting contingency.
Contingency, Irony, and Solidarity is a 1989 book by the American philosopher Richard Rorty, based on two sets of lectures he gave at University College, London, and at Trinity College, Cambridge.
What exactly al-Farabi posited on the question of future contingents is contentious. Nicholas Rescher argues that al-Farabi's position is that the truth value of future contingents is already distributed in an "indefinite way", whereas Fritz Zimmerman argues that al-Farabi endorsed Aristotle's solution that the truth value of future contingents has not been distributed yet. [3]