BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is not always true that just because a plan has worked before it will work again. Identify the related limitation of planning.
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Planning leads to rigidity
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Planning reduces creativity
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Planning may not work in a dynamic environment
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Planning does not guarantee success
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Explanation:
Detailed explanation-1: -It leads to confusion and duplication of work.
Detailed explanation-2: -Planning does not lead to rigidity.
Detailed explanation-3: -Planning is a very lengthy process as it consumes a lot of time for collection, analysis, and interpretation of data. Due to such a lengthy process, sometimes decisions get delayed, opportunities are lost and there is not much time left for the implementation of plans.
Detailed explanation-4: -True. Planning is not a guarantee of success of a business because planning function is based on certain assumptions regarding future or no one can give guarantee that assumptions regarding future are hundred percent accurate. The planning function suffers from certain limitations.
There is 1 question to complete.