Why Contingency Planning? Importance and Benefits

Crisis Management (Contingency Planning)
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Crisis Management (Contingency Planning) > Best Practices > Why Contingency Planning? Importance and Benefits

Why Contingency Planning? Importance and Benefits
Anneke Zwart, Student (University), Netherlands, Moderator
Simpkins (2009) argues that Contingency Planning (CP) is probably the most important topic of an organizationís 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 consumersí preferences. Every pr... Read more? Sign up for free
 

 
Importance of Contingency Planning
Roland Alech, Consultant, France, Member
 

 
Why Contingency Planning is Important
Kirk C. Heriot, Professor, United States, Member
 

 
Benefits of Contingency Planning
SANAJI, Teacher, Indonesia, Member
 

 
Preventive System
Tran le Phuong, Teacher, Mongolia, Member
 

 
Another Reason for Contingency Planning
Dr. Alan Williams, Professor, Thailand, Member
 

 
Why Contingency Planning in Project Management
Gopalakrishnan, Project Manager, Indonesia, Member
 

 
Why Contingency Planning is Important?
K.Narayana Moorthy, HR Consultant, India, Member
 

 
Aims of Contingency Planning
kipkosgei chepkiyeng, Manager, Kenya, Member
 

 
CP is Important, but not Enough to Handle Any Type of Catastrophe
Bernhard Keim, Business Consultant, Germany, Premium Member
 

 
A Contingency Fund is also Important to Serve as a Cushion at Need
shachi kanta khuntia, Interim Manager, Member
 

 
Relevance of Contingency Planning
Ramakrishnan, Consultant, India, Member
 

 
Contingency Planning for Bad Days
Nasir Sajjad, Consultant, Pakistan, Member
 

 
Contingence Planning Gives Confidence to an Institution
Tito Rafael Hidalgo Barcia, Strategy Consultant, Ecuador, Member
 

 
Contingency Planning - PACER
Mark Wm. Cawman, Student (Other), Member
 

 
Why Resiliency Management is Mandatory
jorge anibal hoyos hoyos, Manager, Colombia, Member
 

 
Benefits of Contingency Planning
Guillermo Vasquez, Business Consultant, Colombia, Member
 

 
Benefits of Contingency Planning
Edy Khalife, Manager, Lebanon, Member
 

 
Lessons from World War Z
Emmanuel Mwirichia, Manager, Kenya, Member
 

   

 
A Risk in Emergency Planning
Omar HEMISSI, Professor, Algeria, Member
 

     

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Crisis Management (Contingency Planning)
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Crisis Management (Contingency Planning)
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