BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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it provides a course of action to be followed
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it does not consider changes in business environment
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it lays the fixed path for managers to follow
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all the above
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Detailed explanation-1: -Once plans are made to decide the future course of action the manager may not be in a position to change them. Following predefined plan when circumstances are changed may not bring positive results for organisation. This kind of rigidity in plan may create difficulty.
Detailed explanation-2: -Limitations of Planning. The plans are rigid in nature and have to be complied with throughout the organisation.
Detailed explanation-3: -Therefore a rule can also be described as a decision that has to be made by the management regarding what needs to be done in case of a particular situation. In this way, a rule is always rigid and definite and it does not allow the subordinates to have any discretion or deviation.
Detailed explanation-4: -Expert-Verified Answer. Planning is [A] Flexible. When a person plans a particular task he or she anticipates the future and plans according to the objectives of the firm.