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Questions and Answers
What is the purpose of having contingency planning for a venture?
What is the purpose of having contingency planning for a venture?
- To avoid hiring permanent staff
- To organize consumable materials
- To have a back-up plan for specific events (correct)
- To recruit mentors and advisors
In the context of human resources, who can these refer to besides actual employees?
In the context of human resources, who can these refer to besides actual employees?
- Contingency planning specialists
- Business development centers (correct)
- Consumable materials
- Fixed materials
What is the main purpose of conducting a GAP analysis for a venture plan?
What is the main purpose of conducting a GAP analysis for a venture plan?
- To determine how work will be supervised
- To identify the skills needed for hiring permanent staff
- To plan for three operating scenarios
- To show the differences between current and ideal situations (correct)
What aspect of human resources should be considered in the operating strategy of a venture?
What aspect of human resources should be considered in the operating strategy of a venture?
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Which scenario should a venture plan typically include for contingency planning?
Which scenario should a venture plan typically include for contingency planning?
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How does having a 'GREEN' plan relate to operating strategy in a venture?
How does having a 'GREEN' plan relate to operating strategy in a venture?
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