The Show Must Go On
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- Penton Media
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Overview: Most companies, despite going through crisis, do not take precautions to stop the situation from occurring in future. As a result, they incur heavy losses. The crisis can strike in any form viz. internal or external. Hence, companies must devise effective contingency plans to avert critical situations. The plans should be current, flexible, and not outdated. The contemporary business era is marked with perennial risk and uncertainty. In such scenario, it becomes imperative for organizations to focus on contingency and business-continuity planning. The paper discusses the benefits of contingency plans.
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Format: HTML | Date: Jan 2004 | Pages: 1





