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Anneke Zwart Student (University), Netherlands
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Simpkins (2009) argues that Contingency Planning (CP) is probably the most important topic of an organization’s overall strategic plan. The importance of preparing for any contingencies must not be underestimated. Contingency planning takes into account other outcomes than the expected and desired outcomes. And this is exactly what makes CP important.
Indeed, the world of today and its business environment is changing at fast pace. Every organizaton has to deal with continuous and fast changing internal and external environmental dynamics. Important changes today are technological changes, globalization, market transformations, democracy and more. Successful leaders should consider and prepare for those possible changes. Contingency planning enables leaders to mitigate the negative consequences of those transformations on their organizations.
Furthermore, CP makes leaders aware of and adapt to changes in consumers’ preferences. Every product goes through a product l (...) Read more? Sign up for free
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Roland Alech Consultant, France
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Importance of Contingency Planning
HI! I agree fully. I add a few thoughts:
- CP mig (...)
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Kirk C. Heriot Professor, United States
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Why Contingency Planning is Important
As Master Kahn used to say in the "Kung Fu" TV Ser (...)
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SANAJI Teacher, Indonesia
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Benefits of Contingency Planning
I think CP is not a new idea. We know that nothing (...)
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Tran le Phuong Teacher, Mongolia
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Preventive System
Each organization has its own Mission-Vision that (...)
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Dr. Alan Williams Professor, Thailand
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Another Reason for Contingency Planning
In a business organization the owner/CEO/BOD membe (...)
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Gopalakrishnan Project Manager, Indonesia
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Why Contingency Planning in Project Management
CP is to cover unknowns, unforeseen uncertainties, (...)
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K.Narayana Moorthy HR Consultant, India
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Why Contingency Planning is Important?
In business "contingency planning" conjures images (...)
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kipkosgei chepkiyeng Manager, Kenya
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Aims of Contingency Planning
CP is a kind of a road map when the planned does n (...)
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Bernhard Keim Business Consultant, Germany
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CP is Important, but not Enough to Handle Any Type of Catastrophe
When doing CP, we should always keep in mind that (...)
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shachi kanta khuntia Interim Manager
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A Contingency Fund is also Important to Serve as a Cushion at Need
In India, the age old tradition of giving gifts of (...)
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Ramakrishnan Consultant, India
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Relevance of Contingency Planning
The word contingency implies 'prepare for the unex (...)
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Nasir Sajjad Consultant, Pakistan
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Contingency Planning for Bad Days
CP provides a path to react smoothly to certain ev (...)
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Tito Rafael Hidalgo Barcia Strategy Consultant, Ecuador
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Contingence Planning Gives Confidence to an Institution
Contingence planning as a plan B gives any company (...)
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Mark Wm. Cawman Student (Other)
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Contingency Planning - PACER
To anticipate that flexibility is necessary, I hav (...)
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jorge anibal hoyos hoyos Manager, Colombia
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Why Resiliency Management is Mandatory
Contingency Management or Resiliency Management is (...)
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Guillermo Vasquez Business Consultant, Colombia
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Benefits of Contingency Planning
On a more strategic language, a contingency plan c (...)
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Edy Khalife Manager, Lebanon
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Benefits of Contingency Planning
CP allows firms to avoid the shock of complete sur (...)
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Emmanuel Mwirichia Manager, Kenya
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Lessons from World War Z
If you have watched the 2013 Brad Pitt movie World (...)
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Ramakrishnan Consultant, India
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Contingency Planning Should be Added to Fayol's First Management Role
Fayol's Five Management Roles model distinguishes (...)
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Omar HEMISSI Professor, Algeria
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A Risk in Emergency Planning
The complexity of more and more markets and increa (...)
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