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Business Best Practice (2) Succeed More Often by Anticipating Problems/Preparing Backup Plans
What is your crisis management ability like or better still, how good are you at anticipating and avoiding/preventing crisis in your business operations(e.g. outage of essential manufacturing components which leads to lost output/sales)? How good are you at assessing trends of events, and quickly determining sources of potential problems? This article explains why the good business practice of pro-actively developing alternative plans of action, to be implemented in the event of setbacks or crisis situations occurring, is an essential requirement for business longevity.
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