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प्रश्न
An auto company C Ltd. is facing a problem of declining market share due to increased competition from other new and existing players in the market. Its competitors are introducing lower priced models for mass consumers who are price sensitive. C Ltd. realized that it needs to take steps immediately to improve its market standing in the future . For quality conscious consumers, C Limited plans to introduce new models with added features and new technological advancements. The company has formed a team with representatives from all the levels of management. This team will brainstorm and will determine the steps that will be adopted by the organisation for implementing the above strategy. Explain the features of Planning highlighted in the situation given below.(Hint: Planning is pervasive, Planning is futuristic and Planning is a mental exercise).
उत्तर
The features of Planning highlighted in the situation are given below:
a. Planning is pervasive: Planning is required at all levels of Management. It is not only limited to the top-level management, in fact, all the levels equally participate. The top-level management has the responsibility of formulation of the plan and framing the policies for the company. Middle-Level management is responsible for its implementation. The lower level management has to carry the day to day operational planning as done by the supervisor.
b. Planning is futuristic: Planning must be futuristic in nature. The main objective of planning is to be able to meet future events according to the best advantage of the organisation. The plant must be able to foresee and analyze the future. It must be able to help the organisation to deal with future events. The manager must be able to anticipate the problems and cope up with them.
c. Planning is a mental exercise: Planning is an intellectual activity and mental exercise. It focuses on thinking rather than doing. It decides the future course of action. It requires a systematic method of thinking rather than guesswork.
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संबंधित प्रश्न
State any three limitations of planning
Answer the question.
‘Planning is not a guarantee of success.’ In this context, explain the limitations of Planning.
Which of the following is a limitation of planning?
Which of the following statements is not true with reference to planning?
Planning cannot foresee everything, and thus, there may be obstacles to effective planning. Identify the related limitation of planning.
“Following a pre-decided plan, when circumstances have changed, may not turn out to be in the organisation's interest.” The limitation of planning being referred to in the above statement is ______.
Read the following text and answer the following question on the basis of the same:
Simplex limited had been taken over by Mundhra Group immediately following India’s independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation resources to reduce wastage. For this purpose the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.
“In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures.” Which limitation of the management process is indicated here?
Planning cannot foresee everything, and thus, there may be obstacles to effective planning. Identify the related limitation of planning
It is not always true that just because a plan has worked before it will work again. Identify the related limitation of planning.
______ may not work right in a changing environment.
Why are rules considered to be plans?
R-Ox Ltd. wants to increase their market share by 4.5% in next two years. It spent a lot of money to hire specialized people for framing their plans, collecting important facts about environment who took lot of time to frame plans for the company. The competition has started increasing, and it is not able to beat its competitors because it has already spent a huge amount. The plan failed and company suffered a huge loss. Identify the limitation of planning stated in the given case.
"Once a plan is formed by the top management and is conveyed to the whole team, it is very difficult to alter it." Which limitation of planning is being indicated in the given statement?
Explain the following limitations of planning:
- Planning reduces creativity.
- Planning involves huge costs.
Explain the following as limitations of planning:
- Planning leads to rigidity.
- Planning may not work in a dynamic environment.
