Explain the concept of contingency planning. Why is it important for organizations to have contingency plans in place?

Management, Loose-Leaf Version
13th Edition
ISBN:9781305969308
Author:Richard L. Daft
Publisher:Richard L. Daft
Chapter7: Planning And Goal Setting
Section: Chapter Questions
Problem 3OTJVC: What did you learn about some of the real benefits and limitations of planning by watching this...
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Explain the concept of contingency planning. Why is it important for organizations to have contingency plans in place?

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