Question : Which of the following limitation of planning is highlighted in the below statement? Cost may be in terms of time and money.
Option 1: Planning leads to rigidity.
Option 2: Planning may not work in a dynamic environment.
Option 3: Planning reduces creativity.
Option 4: Planning involves huge cost.
Correct Answer: Planning involves huge cost.
Solution : Planning involves huge cost in the formulation. For instance, checking accuracy. Planning should be avoided if benefit donot justify. Detailed plans require scientific calculations. Hence Option D is correct.
Question : Which of the following limitation of planning is highlighted in the below statement? Planning can't forecast everything.
Question : Which of the following limitation of planning is highlighted in the below statement? Plans formulated by top level managers need to be followed strictly.
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 : 'Planning cannot foresee everything in future, and thus there may be obstacles to effective planning' Identify the limitation of planning.
Question : ABC Ltd. is a reputed company. They had devoted a lot of time and money to its plan. Identify the limitation of planning mentioned here.
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