Business Contingency Plans

by Jim Gordon

What is a business contingency plan? Please give an example of this in the food service industry.

Comments for Business Contingency Plans

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Mar 24, 2010
Business Contingency Plans
by: Dee Reavis

You make business contingency plans to be prepared for times when things go bad. You don't want your business to fail because there is a temporary problem.

An example for the food processing industry might be as follows:

Your company makes meat pies. You get flour and beef from Kansas and Nebraska. There is a mad cow disease scare that takes all beef from the US off the market. Luckily you have a contingency plan. You have been buying small amounts of beef from a supplier in Argentina. Although the costs are higher, you can increase your beef imports to keep your factories open.

your might consider contingency plans for a number of possibilities:

Destruction of production facilities
Drop in demand
Worker strike
Raise in interest rates
New government regulations
Etc.

Business Process Analysts do some of this work. Learn more at:

http://www.business-analysis-made-easy.com/business-analyst-vs-business-process-analyst.html

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Business Problems

by Anonymous

How do you find problems in a business?

Answer

The best way to find business problems is to ask the line workers. Who knows better were the bottlenecks are than the ones doing the work. The business analyst who doesn't have to humility to come down out of his/her ivory tower and mix with the workers is likely to fail in his job. The workers have the job knowledge and the analyst has the analysis abilities. Let each contribute what they know.

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