Importance of having a contingency plan

Assignment Help Management Theories

Reference no: EM133901345

Assignment:

Mr. David is finance manager in WHT, a vinery. He is responsible for the formation of next year budget. There has been droughts 10 years back, and some cases of the fire which had affected the business, but from the last few years it's being run smoothly. Mr. David is a very good analyst, however, on the other side he is procrastinating the contingency plan.

Question: Advise Mr. David about importance of having a contingency plan, and what should he include in that.

Reference no: EM133901345

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