Question

'Though planning is an important tool of management yet it is not remedy for all types of problems.' Do you agree with this statement? Give any five reasons to support your answer.

Answer 1

Planning is an important tool of management yet it does not remedy for all types of problems because a good plan does not guarantee success, in this dynamic environment it is not easy to stick on one plan, the rigidity of plan will not work in this dynamic environment.

Limitations of planning-

(1) Planning Creates Rigidity

(2) Planning Does Not Work in a Dynamic Environment

(3) Planning Reduces Creativity

(4) Planning Involves Huge Costs

(5) Planning is a Time-consuming Process

(6) Planning Does Not Guarantee Success