Question: (T/F) The main difference between strategic planning and contingency planning is that strategic planning is a proactive process in which problems are being eliminated before

(T/F) The main difference between strategic planning and contingency planning is that strategic planning is a proactive process in which problems are being eliminated before they occur, while contingency planning is a reactive process in which plans are made to eliminate problems as or after they occur. True False

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!

MRKT 310 Principles of Marketing Strategic Marketing & Value for the Customer Please use the service offering below; Lyft PRODUCT CHOICE & CONTENT Your focus will be on the domestic, or U.S....

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...

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...

Management must understand what needs to change. A culture of performance excellence is very different from a traditional management culture. Many traditional practices stem from the fundamental...

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,...

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 &...

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...

Question: A short Business Review/Article Analysis for "The Emergence and Evolution of the Multidimensional Organization." (overview/analysis of major points) The Emergence and Evolution of the...

Researching changing consumer needs and desires for airline travel is a key aspect of American Airlines' business plan. Which of the following HR planning activities BEST supports this practice?...

American airlines case Researching changing consumer needs and desires for airline travel is a key aspect of American Airlines' business plan. Which of the following HR planning activities BEST...

A study was conducted to determine if a relationship existed between infant birthweight and the likelihood of that infant surviving severe idiopathic respiratory distress syndrome ( SIRDS).18 Data...

In order to earn enough to pay your firms debt this year, you will need to be awarded at least 2 contracts. This is not usually a problem, since the yearly average is 5.1 contracts. You may assume a...

Assume that on December 3 1 , 2 0 2 3 , a company realizes that the value of its factory equipment has been impaired due to physical damage. The equipment s fair value is determined to be $ 5 0 , 0 0...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...