Contingency planning is an approach used to anticipate future events that, while unlikely, are possible. It involves creating a plan of action to respond effectively if these events occur. Examples include crisis management and disaster recovery plans.
Crisis management is a systematic approach to mitigating potentially severe outcomes in various critical situations, including disaster response for aircraft, naval incidents, fire emergencies, and flood protection.
The approach adopted by London banks to handle customers facing a cash-flow crisis involves collective decision-making, equitable sharing of information, and extended support.
Management by crisis is a reactive method of administration where strategies are formulated as events occur. This approach can lead to organizational confusion and often involves short-sighted policies.
Sabotage commonly refers to deliberate acts aimed at interrupting or destroying productive capabilities. These acts are typically carried out by individuals opposed to a company's management or hostile entities during warfare.
