Identifying both good and bad events that could jeopardize strategies is the first step of effective contingency planning.

Question

Quizplus · Accepted Answer

Identifying potential risks and events, both positive and negative, that could threaten the success of a strategy is a crucial component of contingency planning. By anticipating and preparing for these events, organizations can mitigate their impact and continue to move forward with their goals. Therefore, the statement is true.

Identifying Both Good and Bad Events That Could Jeopardize Strategies