Question : 'It is not always true that just because a plan has worked before it will work again,' Identify the related limitation of planning?
Option 1: Planning leads to rigidity
Option 2: Planning reduces creativity
Option 3: Planning may not work in a dynamic environment
Option 4: Planning does not guarantee success
Correct Answer: Planning does not guarantee success
Solution : Managers have a tendency to rely on previously tried and tested successful plans. It is not always true that just because a plan has worked before it will work again as there are so many unknown factor which may lead to failure of plan in future. Managers have a tendency to rely on previously tried and tested successful plans. It is not always true that just because a plan has worked before it will work again as there are so many unknown factor which may lead to failure of plan in future. Hence, option 4 is the correct answer.
Question : Adarsh wants to start a business of opening a fast food chain. Arti his friend, told him to perform planning as a function of management, as it precedes all function of management, i.e. organising, staffing, directing and controlling. Identify the feature of planning referred
Question : How did the suspension of the Five-year Plans impact India's approach to economic planning?
Question : Assertion: Planning in India is primarily focused on promoting quick, balanced economic growth that is inclusive and just. Reason: It is widely believed that poverty and unemployment are the main obstacles to India's development.
Question : It ensures optimum use of resources through better planning organising staffing directing and controlling it shows us which importance of Management is highlighted here?
Question : What was a major criticism of the suspension of Five-year Plans in India?
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