Define about triggers and contingencies

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Reference no: EM13796553

Triggers and Contingencies

Due to the changing environment and external triggers, contingency planning is necessary.

What qualities make a future issue a "trigger"?

Consider you are on the strategic planning team for a soft drink company.

Here is your company's future trigger: "merger of our two major competitors next year".

Formulate the three-part trigger/contingency pair.

Discuss the three guidelines that good contingency plans should follow.

Reference no: EM13796553

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