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Seven-step process of Contingency Planning

Describe the seven-step process of effective contingency planning in strategy evaluation. Use at least 200 words and cite any sources any APA foramat.

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The seven-step process for effective contingency planning in strategy evaluation is a straightforward approach proposed by Linneman and Chandran. First, beneficial and unfavorable events that could derail the strategy must be identified. Brainstorming is a good option to determine worst case scenarios that may not be immediately obvious. Second, trigger points must be specified and ...

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This solution provides a description of the seven-step process of effective contingency planning in strategy evaluation.

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