Contingency plans

Contingency plans - alternative future scenarios to go...

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Contingency plans Intelligent and successful management depends upon a constant pursuit of adaptation, flexibility,  and mastery of changing conditions. Strong management requires a “keeping all options open”  approach at all times — that's where contingency planning comes in. Contingency planning  involves identifying alternative courses of action that can be implemented if  and when the original plan proves inadequate because of changing circumstances.  Keep in mind that events beyond a manager's control may cause even the most carefully prepared 
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Unformatted text preview: alternative future scenarios to go awry. Unexpected problems and events frequently occur. When they do, managers may need to change their plans. Anticipating change during the planning process is best in case things don't go as expected. Management can then develop alternatives to the existing plan and ready them for use when and if circumstances make these alternatives appropriate....
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This note was uploaded on 11/18/2011 for the course MGMT 4375 taught by Professor Eixmann during the Fall '11 term at Texas State.

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