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Question
Discuss some contingency plans commonly established by firms.
Answer
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After a draft mission statement has been developed, it is important to
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Political, governmental, and legal factors can represent key threats or opportunities for both small and large organizations.
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IFRS standards comprise 25,000 pages, whereas GAAP standards comprise 5,000 pages.
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Forward integration strategy is especially effective when the availability of quality distributors is so limited as to offer a competitive advantage to those firms that integrate forward.
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In the United States, the population has been moving from the South and West to the Northeast and Midwest.
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Contingency plans should be as simple as possible.
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Strategists should try to cover all bases by planning for all possible contingencies.
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