Triggers and Contingencies CLO: 6. 1st Post Due by Day 3. 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.