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Question

As per the manager of the comprehensive group, changes in business environment restrict freedom of planning for the management'. In a fast changing environment, management has a little control over external events.

(i) Which limitation of planning has been highlighted in the quoted line?

(ii) State any three limitations of planning.

(iii) Identify the value, which can be implemented by a comprehensive group to overcome such limitations.

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Solution

(i) The highlighted limitation is 'planning may not work in a dynamic environment'.

(ii) Three limitations of planning are:

(a) Planning is a time consuming process.

(b) Planning reduces creativity.

(c) Planning does not guarantee success.

(iii) Values that can be implemented to overcome such limitations are:

(a) Initiative

(b) Foresightedness

(c) Keen observation


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