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Definition: Contingency Planning is a systematic risk management approach and process through which an organization (corporation or government) identifies and prepares itself for both conventional and exceptional risks by means of plans, strategies and approaches to avoid, cope with and even exloiting them. |
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Learn more about Contingency Planning More on business strategy: 3C's Model of Ohmae, Ansoff Matrix, Business Continuity Planning, Business Model, Business Model Canvas, more... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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