Question

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.

पर्याय

• Planning involves huge cost

• Planning may not work in a dynamic environment

• Planning is a time-consuming process.

• All of the above.

Answer 1

All of the above.

Explanation - 

A lot of thought goes into planning. time to get data, analyse it, and present it interpretation. As a result, it is a lengthy procedure. Huge sums are incurred when blueprints are drawn up who were involved in their creation. The natural world The environment in which a firm survives is dynamic because it is constantly changing. The ever-changing environment, Could cause plans to fail at times.