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ritvikc ritvikc
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6 years ago
What are the five steps for effective contingency planning according to Linneman and Chandran?
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6 years ago
 The suggested five-step process for effective contingency planning is as follows: 1) Identify both good and bad events that could jeopardize strategies; 2) Determine when the good and bad events are likely to occur; 3) Determine the expected pros and cons of each contingency event; 4) Develop contingency plans for key contingency events; 5) Determine early warning trigger points for key contingency events.
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