Contingency Plans

May 30, 2022
by
GreggU
YouTube video player
Contingency Plans

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Summary & Key Takeaways

The summary of this video is not yet available 😢 We summarize videos one by one, so it might take a while. If you want to get the summary now, please summarize the video with YouTube Summary extension or try Glasp Reader.

About the Video

Depending on how repetitive they are, plans may be either standing plans, which are made to be used over and over again to ensure repeated behavior for handling routine issues, or single-use plans, which are made to be used only once. Most strategic plans are single use, whereas operational plans are standing plans. Operational objectives may be accomplished by following standing plans, which save planning and decision-making time.

Standing plans are policies, procedures, and rules developed for handling repetitive situations. Their purpose is to guide employees’ actions in day-to-day decision making. Policies provide general guidelines to be followed when making decisions. Companies should develop formal policies, as they serve as guides for employee behavior in their relationships wi...

Share This Video 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on:

Find Summaries from GreggU 📚