Understanding Management
Understanding Management
11th Edition
ISBN: 9780357033821
Author: Richard Daft
Publisher: South Western Educational Publishing
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Chapter 5, Problem 6DQ
Summary Introduction

To determine:

The potential value of crisis planning.

Introduction:

Planning is a process of making the plan before executing any work. The process of planning includes identification of goals and objectives, formulation of strategies, creating the means required and implementation and monitoring.

Crisis planning is done to deal with the unexpected crisis like the natural disaster, human-made disaster and accidents etc. Crisis planning has its two faces; Crisis preventions and Crisis preparation.

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Some people say an organization could never be “prepared” for a disaster such as the shooting at Sandy Hook Elementary School, the Japan nuclear disaster, or the huge BP oil spill in the Gulf of Mexico. Discuss the potential value of crisis planning in situations like these, even if the situations are difficult to plan for.
How can organizations use scenario planning to prepare for uncertainty and potential future challenges? What are the potential benefits and drawbacks of this approach?
Base on the picture, why is scenario planning important in the business or workplace?
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