Carpentry business planning is essential. In recent years, as pointed out previously, the carpentry business environment has been turbulent. Unexpected events have occurred, economic forecasts have proven inaccurate, and new forces have appeared that, at the very least, have raised puzzling questions about their impact on business and what management ought to do about them. Succinctly, uncertainty about the evolving environment of business has increased rather than diminished. All this, of course, makes managers uneasy about their formal strategic plans and their implementation. To help cope with environmental uncertainties managers today are making contingency plans and are having staffs 'prepare studies of alternative futures. These two types of planning are the subject of this chapter.
Contingency Carpentry Business Planning
NATURE AND PURPOSE OF Business Planning
Formal strategic Carpentry business planning is based on events that have a high probability of occurring—the most likely happenings. However there are less likely conditions that could create serious difficulties for a company if they actually occurred. These are the subject matter of contingency plans. Very simply, contingency plans are preparations to take specific actions when an event or condition not planned for in the formal planning process actually does take place.
The fundamental purpose of contingency planning is to place managers in a better position to deal with unexpected developments than if they had not made such preparations. By failing to anticipate certain events managers may not act as quickly as they should in a critical situation and the event may create more damage that it otherwise would have. Contingency planning should eliminate fumbling, uncertainty, and time delays in making the needed response to an emergency. Contingency planning also should make such responses more rational.
An additional advantage of contingency planning is that it forces managers to look at dimensions in the environment other than probable events. This endeavor, together with their experience in strategic planning. should make them more adept at dealing with unexpected turns of events. Events dealt with in a contingency plan are not likely to take place precisely as set forth in the plan. Hence, even with contingency plans a manager may be forced to improvise. For more basic carpentry tips and information visit more pages Thank you.