Prepare strategies appropriate to address the risks
Corporate Finance
CONTINGENCY PLANS SPECIFICATIONS :
– identify risks that are relevant to the business context
– Prepare strategies appropriate to address the risks
– costs of contingency plan included and realistic
– appropriate people or roles in the business context are identified
Create contingency plans for the following scenarios:
1. One of your highly qualified consultants has given three months notice and is planning to move to a competitor after this time.
2. There has been a 34% increase in production; however a decrease of 22% in sales has been recorded.
3. The rental office for the offices your company currently occupies is being increased by $1750 per month. There is no available space for additional employees.
One of your highly qualified consultants has given three months notice and is planning to move to a competitor after this time.
There has been a 34% increase in production;however a decrease of 22% in sales has been recorded.
The rental for the offices your company currently occupies is being increased by $1750 per month. There is no available space for additional employees.
Identifying risks that are relevant to the business context, develop strategies that are appropriate, costs of contingency plan included and realistic, appropriate people or roles in the business context to be identified.
