Question : 'Planning cannot foresee everything in future, and thus there may be obstacles to effective planning' Identify the limitation of planning.
Option 1: Planning leads to rigidity
Option 2: Planning may not work in dynamic environment
Option 3: Planning does not guarantee success
Option 4: Planning reduces creativity
Answer (1)
21st Jan, 2024
Correct Answer: Planning may not work in dynamic environment
Solution :
Business environment is very dynamic as there are continously changes takeing place in economic, legal and social environment. It becomes very difficult to forecast these future changes. Plans may fail if the changes are very frequent.
Hence, option 2 is the correct answer.
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