Question : Statement 1: Planning helps organizations adapt to changes.
Statement 2: Planning reduces the need for flexibility.
Option 1: Statement 1 correct, Statement 2 incorrect.
Option 2: Statement 1 incorrect, Statement 2 correct.
Option 3: Both statements are correct.
Option 4: Both statements are incorrect.
Correct Answer:
Statement 1 correct, Statement 2 incorrect.
Solution : The correct answer is (a) Statement 1 correct, Statement 2 incorrect.
Statement 1 is correct. Planning involves anticipating future events, setting goals, and developing strategies. It allows organizations to be proactive and better prepared to adapt to changes in their internal and external environments.
Statement 2 is incorrect. Planning and flexibility are not mutually exclusive. Effective planning often involves building in flexibility to adapt to unforeseen circumstances. While planning provides a framework, it does not eliminate the need for flexibility, especially in dynamic and unpredictable business environments.
Therefore, Statement 1 correct, Statement 2 incorrect.
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