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Contingency planning
Contingency planning is the part of the planning process that identifies alternative courses of action that an organization might follow if various different conditions arise. It means having a separate plan for each of the several critical contingency events. Critical contingency events relate either to the extent to which the ongoing plan is being accomplished or to the environmental events that might change things in the future.
T has recently been appointed as the new Chief Executive of PV Company which manufactures cosmetics and toiletries. She has spent the first three months meeting with her senior man
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