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Contingency planning

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1. If some of the key assumptions fail to materialize, what midcourse corrections can be taken to get the plan back on track?

2. Why is contingency planning important?

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Contingency planning

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The midcourse corrections can be taken with respect to back up or contigency plans being places in advance during the strategic planning process. Such backup plans or contigency plans will provide for the next best alternative in the event an unassumption fails ...

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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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