In the realm of business management systems, the contingency theory suggests that there is no one$-$size$-$fits$-$all approach to managing organizations effectively. Instead, it emphasizes the need to align managerial practices and structures with the unique demands of the organization's environment. Discuss the core tenets of contingency theory, elucidating its fundamental principles, and highlight how this theoretical framework contributes to understanding the complexities of organizational management. Provide illustrative examples that showcase the application of contingency theory in real$-$world business scenarios. Additionally, critically analyze the strengths and limitations of contingency theory in guiding managerial decision$-$making, considering its adaptability across diverse industries and changing business landscapes.