According to this precautionary method, the organization which produce goods also produces their substitute goods and services so that if the use of fashion of one commodity comes to an end, the losses could be compensated by giving boost to other substitute goods and services. This method could also be used in case of services. For instance the persons or the officer whose services are indispensable for the company, its substitute should be kept ready or the other officer should be provided training in the same line of service so that he must provided protection to the organization against the losses that are possible in case of death or retirement of the original man.
No comments:
Post a Comment