Discuss the three guidelines that good contingency plans should follow.
Question
Discussion – due to the changing environment and external triggers, contingency planning is necessary. What qualities make a future issue a “trigger”? Also I’m being ask to consider that I am on the strategic planning team for a soft drink company. Here is your company’s future trigger: “merger of our two major competitors next year.” Formulate the three-part trigger/contingency pair. Discuss the three guidelines that good contingency plans should follow.
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