While contingency planning offers several valuable benefits, it also comes with limitations that need careful consideration by business managers.
Posts published in “CRISIS MANAGEMENT”
Contingency planning is a crucial process for businesses, allowing to anticipate disruptions and ensure operations during unforeseen circumstances.
Effective crisis management is crucial for organizations, as it helps to navigate through unexpected events that can potentially disrupt operations.
Crisis management occurs during and after an event (such as the outbreak of a fire). Crisis management asks ‘What now?’ questions.
Contingency planning, or disaster-recovery planning, refers to prepare for potential disruptions to a business organization in case of crisis.
All business organizations in the world, irrespective of their size and industry, face the risk of experiencing business crisis. Here are details.