Well this reply is long due.
There can be many view on this. Mostly people say those who can counter emergencies can do wonders, but the real question still remains unanswered. I personaaly beleive that yes its a part of Jugaad Management. Jugaad also means in the time of emergency one need to act to smart. Jugaad doesnot beleive in Hard work, its for donkeys. Jugaad is working smartly.
The very own definition of Emergency Management as per wikipedia says its dealing with emergencies before it occurs. Thats very own part of Jugaad, which says be ready with whatever resources you have to tackle the emergency.