What is established as an alternative plan in case the original plan fails?

A contingency plan is developed to prepare for unexpected circumstances that might affect the original plan. It serves as a proactive approach to ensure that, should unforeseen events or challenges arise, the organization can respond effectively and minimize disruption. This plan outlines specific procedures and actions to be taken when things do not go as intended, ensuring that resources are available and that teams know how to pivot in response to changes.

In contrast, a strategic plan focuses on the long-term goals and overall direction of the organization, detailing how to achieve these objectives over time without specifically addressing potential setbacks. An operational plan is more about the implementation of daily and routine activities to achieve the strategic goals, without necessarily preparing for alternative actions. Corporate culture, on the other hand, refers to the shared values, beliefs, and practices within an organization, which influences how plans are executed but does not involve specific responses to alternative scenarios.

Thus, the emphasis on being prepared for unexpected situations makes the contingency plan the correct choice in this context.