How does situational approach of management differ from contingency approach?

The situational approach to management focuses on adapting leadership styles and practices based on the immediate context and specific circumstances of a situation. In contrast, the contingency approach emphasizes that the effectiveness of management practices depends on various external variables, such as organizational structure and environmental factors. While both approaches advocate flexibility, the situational approach centers on moment-to-moment decision-making, whereas the contingency approach involves a broader analysis of factors influencing management effectiveness over time.