Business interview

User Generated

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Business Finance

Description

Interview someone you know who is in a management role. This can be at your current place of employment or someone you know personally working in a managerial role.

Prepare a 1,050-word discussion of the interview:

  • Discuss what you discovered about contingency planning.
  • Discuss how creativity and critical thinking relate to contingency planning.
  • Explain how you might integrate creativity into your own planning process.
  • Discuss what you learned about creativity and its relationship to the decision-making process.
  • Identify the key steps that might require a contingency plan.

Format the assignment consistent with APA guidelines.

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Explanation & Answer

Attached.

Business interview– Outline
I.

Discoveries on contingency plans
A. Management tool for handling emergencies
B. Relationship between creativity, critical thinking and contingency plans

II.

Integration of creativity into the planning process
A. Scenario planning
B. Backcasting
C. Benchmarking

III.

Key steps required in developing a contingency plan
A. Identifying the possible events
B. Specification of the trigger points
C. Assessment
D. Development of contingency plan
E. The assessment of the counter –impact
F. Determination and monitoring
G. Monitoring and determining the early warning signals
H. Communication and rehearsal


Running head: CONTINGENCY PLANNING

Contingency Planning
Name
Institution

1

CONTINGENCY PLANNING

2
Contingency Planning
Introduction

Every organization big or small needs to have a contingency plan so that it can deal with
unusual events. Its main purpose is to aid in making an organization resume to normal daily
operations as soon as possible. Staffs can be allocated specific responsibilities to enhance the
recovery. The human resource department, for instance, can hire new employees temporary. This
paper entails the lessons learned from an interview with Mr. Johnson who holds a managerial
position at Coca-Cola Company. The discussion will capture important aspects including the
relationship between creativity, critical thinking, and contingency plans. It will also capture the
steps involved in developing a contingency plan.
Contingency Plans
The main aim of contingency planning is to enable a firm to respond efficiently to an
emergency as well as other humanitarian impacts. It entails making decisions in advance
regarding the management of financial and human resources, communication and coordination of
procedures as well as being aware of the logical and technical responses. Contingency planning
is a management tool, which can be highly used in providing humanitarian aid especially when
there is an occurrence of a disaster. The time, which is spent while doing the contingency plans,
can be equated to the time saved in case a disaster occurs. Organizations need to have
contingency plans so that they can have effective and timely disaster relief operations. The major
objectives of this process include enabling an organization to contain the damages, injuries,
continuity of key operations in an organization as well as the containment of losses relating to
property and personnel.

CONTINGENCY PLANNING

3

Discuss how creativity and critical thinking related to contingency planning
Creativity entails coming up with unusual or original ideas to create something new. The
creativity process may also be defined as the art of making unusual connections to the original
ideas. Critical thinking, on the other hand, entails a highly disciplined intellectual process of
actively analyzing, conceptuali...


Anonymous
Very useful material for studying!

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