Question: One difference between a scenario plan and a contingency plan is that a scenario plans comes up with different solutions for one event, while a

One difference between a scenario plan and a contingency plan is that
a scenario plans comes up with different solutions for one event, while a contingency plan deals with possible solutions for more than one event.
a scenario plans for a distant time, but a contingency could happen any time.
a contingency plans for a distant time, but a scenario could happen any time.
contingency planning is participatory planning, and scenario planning is done by upper level managers.
One difference between a scenario plan and a contingency plan is

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Summarize the following chapter: (Basic Elements of Planning and Decision Making) Obviously, insurance companies incur immense risks because of the number of policies they issue, but you may not know...

Q:

Make the summary of the following chapter "Basic Elements of Planning and Decision Making" . Obviously, insurance companies incur immense risks because of the number of policies they issue, but you...

Q:

Summarize the given chapter: (Basic Elements of Planning and Decision Making) what are Decision Making and the Planning Process? Decision making is the cornerstone of planning. Several years ago,...

Q:

Summarize the following chapter: (Basic Elements of Planning and Decision Making) Decision Making and the Planning Process Decision making is the cornerstone of planning. Several years ago, Procter &...

Q:

Summarize the following chapter in your words: (Basic elements of Planning and Decision making) Decision Making and the Planning Process:> Decision making is the cornerstone of planning. Several...

Q:

Contents The Team..3 Group Contact Information.3 Mission Statement3 Foundation and Group Communications Plan.3 Group Communications Methods.4 Group Goals.5 Group Development and Norms.6 Developing...

Q:

Project/Company Name Communication Plan Overview The purpose of a Communications Plan is to document the key elements of a communications strategy, including: Frequency (Schedule) Method of Delivery...

Q:

BSB51915 DIPLOMA OF LEADERSHIP AND MANAGEMENT Resource Management Manage Industrial Relations BSBWRK510 Manage Employee Relations ii This workbook has been designed for use in conjunction with...

Q:

Answer the following eight (8) questions below based on the information from the survey in this google docs. In the google docs I answer questions: 1, 2, 3, 4, and 6. Questions 5, 7, and 8 still need...

Q:

importance of workalike balance for women as a leader in healthcare. 1. The purpose of the research; 2. Research question/s; 3. Findings and relevant data; 4. Any recommendations and; 5. The...

Q:

Quickie Designs Inc. uses teams in the manufacture of lightweight wheelchairs. Two features of its team approach are team hiring and peer reviews. Under team hiring, the team recruits, interviews,...

Q:

2. Consider the following two-stage model of entry in a Cournot setting. In the first stage, a large number of potential entrants decide whether to pay the fixed cost F (which is then sunk) in order...

Q:

Roger is 77 years old. He is retired. He is in the 24% marginal tax bracket. He is informed by his 401(k) plan manager that his RMD for the year is $42,000. If Roger does not take the RMD, what is...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....