GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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contingency plan
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performance review
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management role
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problem
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Detailed explanation-1: -Contingency plans are created to deal with what might happen if these assumptions turn out to be wrong. Contingency planning is thus the development of alternative courses of action to be implemented if events disrupt a planned course of action.
Detailed explanation-2: -Contingency planning essentially makes available optional plans that can be quickly implemented if things go wrong with the original plan.
Detailed explanation-3: -Contingency planning identifies alternative courses of action that can be implemented to meet the needs of changing circumstances.
Detailed explanation-4: -Contingency planning-identifies alternative courses of action to take when things go wrong. Scenario planning-identifies alternative future scenarios and makes plans to deal with each. Scenario planning-identifies alternative future scenarios and makes plans to deal with each.