discuss contengecy afctor that affect planning?
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contengecy factor that affect planning are
- include a managers level on organisation
- the degree of environmental un certainty
- length of future commitments
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Explanation:
Contingency means 'factors in the future that could happen but the chances of it are out of our control' and contingency planning means putting safe guards in place to make provisions for such occurrences. Some people refer to this as a Business continuation plan.
An example of this might be:
• The internet for your whole area goes off-line and you are an internet based business.
• Your supplier of retail goods goes bust and you can't fulfil hundreds of customers orders.
• Or even an environmental disaster.
Thanks.
I hope it makes sense.
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