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Strengths and Opportunities - Coggle Diagram
Strengths and Opportunities
Requirements
as
Contingency plans can specify the key moment or warning signs about the imminence of an event, for which the plan had been developed. Like strategic planning, contingency planning will help managers when dealing with crises, for which contingency plans have not been prepared.
Alternative arguments and forecasts also provide a very useful basis for identifying events that may become the subject of a contingency plan.
Objectives Hierarchy
must be
Have a level of priorities to be able to carry out the objectives, which are really important for the company
to rank requires
Your solution to a problem proceeds logically, step by step
and alternatives are examined and discarded for each step until reaching the solution
Examine available information on a problem in a structured way
Contingency Alternatives
has the
Contingency planning should eliminate awkward maneuvering, insecurity, and time delays in producing the necessary response to an emergency. Additionally, contingency planning should also result in these responses being more rational.
and not
There is no standard regarding the detail according to which it is developed in the contingency plans. There are no standard formats for contingency plans. It would be appropriate to keep the amount of detail to a certain level, but also include enough detail to provide adequate guidance for action to be taken when necessary.
Failing to anticipate certain events, managers may not act as quickly as they should in a critical situation, and the event may create more damage than it would have otherwise.
its purpose
It is to provide managers with a better position to deal with unexpected developments
Projected Benefits
can be projected
In different companies, top management works in teams, cases in which the views of these managers are carefully considered when developing company objectives and strategies.
.
The interests of other people within the organization are increasingly being taken into account in the planning process