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, when done effectively, allows organizations to anticipate changes, set goals, and develop strategies to adapt to evolving circumstances.
Statement 2 is incorrect. Effective planning recognizes the importance of flexibility. While planning provides a roadmap, it doesn't eliminate the need for adaptability. In fact, a good plan often includes contingencies and allows for adjustments in response to unforeseen changes.
Therefore, Statement 1 correct, Statement 2 incorrect.
Question : Which of the following limitation of planning is highlighted in the below statement? To cope up with the circumstances managers need to be given some flexibility.
Question : Statement 1: Labor market flexibility is essential for promoting employment growth in India.
Statement 2: Labor market flexibility refers to the ease of hiring and firing workers.
Question : Case Study: DEF Educational Institute
DEF Educational Institute is a reputed school offering various academic programs. They are planning to introduce a new vocational course. Question:
The characteristic of
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