मराठी

Explain the following limitations of planning: i. Planning reduces creativity. ii. Planning involves huge costs. - Business Studies

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प्रश्न

Explain the following limitations of planning:

  1. Planning reduces creativity.
  2. Planning involves huge costs.

Explain the following limitation of planning function of management:

Planning reduces creativity.

Explain the following limitation of planning function of management:

Planning involves huge costs.

स्पष्ट करा

उत्तर

Limitations of Planning:

  1. Planning Reduces Creativity: The top management and other members are primarily responsible for planning. These strategies must be followed by middle and lower levels of management. They are not permitted to diverge from or amend the plans made by their seniors. Employees become order-following machines in such situations and do not engage in creative thinking. Such rigidity in adhering to predetermined plans destroys the creativity of some gifted individuals.
    Example: A unit of a well-known shoe manufacturing company sees a lot of potential in customized shoes. Because the company creates uniform shoes, the senior management is uninterested in this concept.
  2. Planning Involves Huge Cost: Plan formulation might be too costly due to the amount of time and money involved. Some costs are incidental in nature, such as those incurred at board meetings, discussions with professional experts, and preliminary research to determine the feasibility of the plan. It may take a long time to check the veracity of data and scientific computations. Sometimes the costs incurred do not justify the advantages gained from the plans; this can be detrimental to the organization.
    Example: IBM, for such as invests heavily in research. Many world-class levels provide guidance to this company for a fee. However, such a large organization cannot survive without such meticulous efforts. So, in the case of IBM, planning is required.
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Notes

Students should refer to the answer according to their questions.

Limitation of Planning
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2022-2023 (March) Delhi Set 3

संबंधित प्रश्‍न

Explain any three limitations of ‘Planning’.


State any three limitations of planning


Planning Reduces Creativity. Critically Comment.(Hint: Both the Points - Planning Promotes Innovative Ideas and Planning Reduces Creativity – Will Be Given).


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).


Planning leads to rigidity is a:


Which of the following is a limitation of 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 ______.


It is not always true that just because a plan has worked before it will work again. Identify the related limitation of planning.


What are the factors due to which we can say that planning is a very significant action despite of the gigantic costs


______ 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.


Meena, a proof reader in Akash Publications, has been given a target of reading at least 40 pages per day. She has a habit of doing things differently. While doing her work, an idea struck her that a summary of a chapter in the form of a map where all the concepts related to that chapter would be interlinked, should be given in starting of each chapter. It will give students a gist of chapter as well as provide a competitive edge over other publishers. But instead of appreciating her idea, her immediate boss scolded her and asked her to complete the work as per prescribed format. Out of the following, identify the limitation of planning stated in above paragraph :


"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 as limitations of planning:

  1. Planning leads to rigidity.
  2. Planning may not work in a dynamic environment.

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