Asked by
Jennifer Littlejohn
on Oct 22, 2024Verified
___ identifies alternative courses of action to take when things go wrong.
A) internal benchmarking
B) contingency planning
C) external benchmarking
D) goal setting
E) staff planning
Contingency Planning
The process of preparing for unexpected events by developing strategies to address and mitigate risks.
Alternative Courses
Different paths or strategies that can be chosen in decision-making processes to achieve a specific goal.
Actions
Deeds or steps taken in order to achieve a specific purpose.
- Understand the process and importance of contingency planning in organizational strategy.
Verified Answer
NB
Learning Objectives
- Understand the process and importance of contingency planning in organizational strategy.
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