What permits quick response to change,prevents panic in crisis situations,and makes managers more adaptable?

Question

Quizplus · Accepted Answer

Contingency planning involves anticipating potential crises or changes and preparing a plan of action in case they occur. This allows for quick and strategic responses to unexpected situations, reducing the likelihood of panic and chaos. It also promotes adaptability among managers by encouraging them to plan and prepare for various scenarios. Measuring performance, taking corrective actions, implementing a balanced scorecard, and auditing are important management practices, but do not specifically address the need for quick response to change, crisis management, or adaptability.

What Permits Quick Response to Change,prevents Panic in Crisis Situations,and