Question

State any three advantages and two limitations of planning.

Answer 1

Three advantages of planning are;

(i) By stating in advance what is to be done, planning provides direction for action.

(ii) Planning helps the manager to look into the future and thus, it facilitates decision-making.

(iii) Planning establishes standards for controlling.

Two limitations of planning are:

(i) When plans are not implemented into action, they becomes meaningless. due to which an organisation suffers.

(ii) Planning is a time-consuming process.