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Business strategy
Importance of always having a plan B in business.
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[QUOTE="Mikes smithen, post: 343992, member: 90053"] Having a plan b is definitely another way of saying that you have a backup plan to a particular action or operation in case the original plan or the first plan does not actually work. It is absolutely important and necessary that a business owner when formulating decisions as well as roles e and responsibilities in the business organization should always have a plan b in case things does not work out. The plan b should obviously not be casual, but rather it should be fortified in such a way that it can be easily assessed in case the original plan does not work. Having a plan b is obviously important especially when a business is engaging in an operation involving high percentage of risk such as voyage. [/QUOTE]
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