_____ enables firms to cope with unexpected events that are so sudden and devastating that they have the potential to damage the organization if managers are not prepared with a quick and appropriate response.
A) Incident planning
B) Contingency planning
C) Strategic planning
D) Crisis planning
E) Emergency planning

Question

Quizplus · Accepted Answer

Crisis planning enables organizations to prepare for unexpected and devastating events, such as natural disasters, financial crises, or cybersecurity attacks. It involves developing procedures and protocols to manage the crisis, communicating with stakeholders, and minimizing the impacts of the crisis on the organization's reputation, finances, and operations. Contingency planning and emergency planning are related concepts but focus on more routine disruptions or incidents rather than major crises. Strategic planning is a broader process that involves setting long-term goals and identifying opportunities for growth and improvement, but may not specifically address crisis management.

_____ Enables Firms to Cope with Unexpected Events That Are