Abstract: This study is premised on contingency theory. It looks at it from a holistic point of- a critical study. Proponents of this theory, chief amongst them is Fred Fielder, are of the view that, there exist a plethora of ways to getting things done. There is no one best way. This theory is also referred to as the situational theory. It is of the argument that, whatever approach cum style a leader or manager adopts, is a function of several factors viz a viz size of the organization, leader-follower relationship, influence of the leader and the overall working condition of the organization. In a very large organization, management would tilt towards the Max Weber bureaucracy that is highly characterized by specialization, formal authority, hierarchy, and what have you. Whilst a relatively small organization would definitely fail, if it tries to follow the precept of the former. Managers cum leaders of the smaller organization would have to be less formal and establish a close rapport with the staffs and all that.