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How do you manage risks and ensure that your team is prepared to handle unexpected challenges or setbacks? What contingency plans do you have in place to address potential issues?
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- How does contingency planning help organizations prepare for unexpected events and mitigate potential risks?How can organizations ensure that their plans remain flexible and adaptable in the face of changing circumstances or unexpected events?Following mini-case scenarios involve ethical dilemmas associated with projectmanagement. How would you respond to each situation, and why? Ryman PharmaceuticalsYou are a test engineer on the Bridge project at Ryman Pharmaceuticals in Nashville, Tennessee. Youhave just completed conductivity tests of a new electrochemical compound. The results exceededexpectations. This new compound should revolutionize the industry. You are wondering whether to callyour stockbroker and ask her to buy $20,000 worth of Ryman stock before everyone else finds out aboutthe results. What would you do and why?
- What strategies can organizations employ to adapt and adjust their plans in response to changing circumstances or unexpected events?How can contingency planning help organizations prepare for unexpected events and crises?What are some common challenges organizations face when developing contingency plans?
- What should be your approach to identify your strengths and weaknesses? Note: Make sure you select all of the correct options—there may be more than one! Take feedback from your significant others, peers, bosses and direct reports. Since they have worked with you closely they should be able to assist you. Read self-help books to identify what popular strengths and weaknesses are, and recognize the ones that suit you the most Look back in your life and see what worked and what did not, what assignments you undertook and why you were able/not able to execute them effectively Take an online assessment for your strengths and weaknessesWhat is contingency planning? How is it similar to and different from crisis management?What are the key factors that contribute to successful goal setting in organizations, and how can leaders ensure that goals are aligned with the organization's overall mission and objectives?
- Why might top management teams be more likely to make unethical decisions than their individual members would make?How can organizations adapt their career path planning strategies to accommodate remote and distributed work environments?How can organizations ensure that their plans are flexible and adaptable to changing circumstances and unforeseen events?