Advertisements
Advertisements
प्रश्न
‘Bawa Cycles’ was in the business of manufacturing racing-cycles and had a monopoly in the market. The business was doing very well and the company was consistently meeting its objective of 10% increase in sales every year. Encouraged by the good track record, the Managing Director of the company kept an ambitious target of 15% increase in sales for the next year. The same year two competitors also entered the market and because of this, the company was not able to meet its target. Identify the limitation of one of the functions of management because of which the company was not able to achieve its target
उत्तर
The company was not able to meet its target as planning does not work in a dynamic environment. Nothing is constant in a business environment; it is dynamic in nature. As a business environment is dynamic in nature and keeps on changing as and when new competitors enter the market, planning may not prove to be fruitful in such cases. This is because planning cannot foresee such sudden changes in the business. This may lead to failure in the accomplishment of objectives. An organisation must adapt its functioning to the changing environment; a long-term planning will make this dynamic environment less effective.
APPEARS IN
संबंधित प्रश्न
Explain briefly any three personal barriers to communication.
What are the main aspects in the definition of planning?
If planning involves working out details for the future, why does it not ensure success?
A short-term plan is also known as a ______.
A long-term plan is also known as a ______.
Planning Commission was set up in the year ______.
ITDP refers to which one of the following?
Which of the following is an assumption of rationality to rational decision-making?
Is a rule of thumb that managers use to simplify decision-making.
Which of the following is not a feature of planning?
Assertion (A): Planning is futuristic.
Reason (R): Planning is concerned with the future which is certain and does not require forecast.
Which is the main river in the Bharmaur region?
When did NITI Aayog replace the Planning Commission?
Aim of regional planning 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.
“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.” Which is the last step of the Process mentioned here?
What are the main features to be considered by the management while planning?
Which of the following is a feature of Planning?
Which of the following statements is true regarding planning?
'It involves application of high order thinking skills and intellectual faculties, involving vision and foresightedness to decide the things to be done in the future.'
Which feature of Planning is stated in the above line?
Planning helps in identifying deviations and taking corrective actions.
