Contingency Planning Involves Identifying Aspects of a Business That Require Changes in Organization

Short Answer

Contingency planning involves
identifying aspects of a business that require changes in organization in three to five years' time.
developing plans for a business should there be a sudden decrease in revenue or increase in expenses.
an organization's methods for dealing with emergencies.
developing plans for future growth.
identifying aspects of a business or its environment that might entail changes in strategy.