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It is an activity taken to ensure that proper follow up steps will be taken by a management and employees in an emergency. Objectives are to ensure that damage, injury or loss is contained and that the key operations of the organisation continue. These rules will apply to a Company as well as the management of a Country
What else can I help you with?
Why it is necessary to have contingency plans?
It ensures that the business operations of an enterprise or organization will not be disrupted should there be unforseen event/s.
What are contingency plans?
A contingency plan is what to do if a possible future event or circumstance suddenly changes.
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 should the contingency plans be people- oriented or people-centric?
beacause peole are crazy so the contingency plans be people- oriented or people-centric?
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.
Nuclear bombs were used in Vietnam?
Contingency plans were drawn up for their use, and Westmoreland did discuss the matter with the Commander in Chief; it remained a contingency plan.
What are the key differences between a contingency plan and a mitigation plan, and how do they each contribute to overall risk management strategies?
A contingency plan outlines specific actions to take in response to a potential risk or disaster, while a mitigation plan focuses on reducing the likelihood or impact of risks before they occur. Contingency plans help organizations respond effectively to unexpected events, while mitigation plans aim to prevent or minimize risks in the first place. Both plans are essential components of a comprehensive risk management strategy, with contingency plans addressing immediate responses and mitigation plans addressing long-term risk reduction.
What is the role of contingency planning in the strategic management process?
Contingency places a very important part. It's important to keep the various contingents informed of all plans.
What information will be helpful when traveling on a sail boat?
Prevailing winds, tides, currents, weather patterns at the time of year, amount of water & food necessary, safety & emergency supplies, contingency plans, can I go too?
What sorts of things should risk management and contingency plans encompass?
Action, Outcome, Goals, Objectives
Setting contingency plans in an organization is considered very important today mainly because?
The business environment is unpredictable. An organization that does not have contingency plans in place to cope with the changing conditions is gambling on the operating landscape remaining constant. History shows that such a gamble has very poor odds.
You want to make an project on preparation disaster contingency plans please help?
i have no answer so please please leave me
