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Why contingency management important in business?

Updated: 8/21/2019
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Q: Why contingency management important in business?
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Why contingency approach to management is important?

It is important to have contingency plans in management so that options are available if a crisis occurs. Contingency plans should be put in writing and in a place that all management can easily get to, if needed.


Why are contingency strategies important?

Contingency strategies are important because sometimes, plans fail. If you have a contingency strategy for your business, then you won't have to start over completely.


Why did contingency perspective become such an important approach to management?

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Why is ethical management is important to business?

It is important because ethical management is practically considered by all business leaders as relevant to business survival and corporate reputation.


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Contingency strategies are important to the continued success of a company.


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Order management is highly important when it comes to daily business operation. Some consider order management as the most important thing when it comes to businesses.