Describe what contingency planning, scenario building, and crisis planning is, and why each is so important for today’s managers.

In this assignment, you’ll describe the benefits and limitations of planning. You’ll also describe what contingency planning, scenario building, and crisis planning is, and why each is so important for today’s managers.
To complete this assignment, respond to the questions below in a Word document. Each response should be approximately one paragraph (4-6 sentences). You should also include a minimum of two sources that support your responses.
What are the benefits of planning?
What are the limitations of planning?
Define the following types of planning:
Contingency
Scenario
Crisis
Why is each type of planning above important for today’s managers?

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