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प्रश्न
Answer the question.
‘Planning is not a guarantee of success.’ In this context, explain the limitations of Planning.
उत्तर
“Planning is not a guarantee of success.” It suffers from various limitations:
- Planning may not work in a dynamic environment: The environment in which a business exists is very dynamic. Changes in technology, changes in government policies, legislative enactments, industrial unrest in the country, etc. are important external limitations of planning. Thus, it becomes very difficult to forecast the future when the economic policies of the government keep on changing continuously.
- Time-Consuming: Considerable time is required for the collection, analysis, and interpretation of information for planning. Sometimes, a lot of time is taken in formulating the plans, as a result of which very little time is left to implement these plans. Planning is not practicable during emergencies and crisis when on the spot decisions are necessary.
- Rigidity: In an organization, a well-defined plan is drawn to achieve some specified goals within a specified period of time. Employees become more concerned with observing the programs and procedures rather than achieving the goals. They have to strictly adhere to the formulated plans irrespective of changes in the environment. Therefore, rigidity in plans may create difficulty in an organization.
- Costly Process: Planning is an expensive process. The cost is in terms of money, time and effort. Moreover, sometimes the cost incurred in formulating plans turns out to be higher than the benefits actually received from these plans. Management must exercise intelligent judgment to balance the expenses of preparing plans against the benefits derived from them.
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संबंधित प्रश्न
Explain any three limitations of ‘Planning’.
State any three limitations of planning
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:
It is not always true that just because a plan has worked before it will work again. 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.
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?
"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?
