Question

State any four limitations of planning. OR Explain the following types of plans: (i) Strategy (ii) Procedure (i) Strategy

Accepted Answer

(a) Limitations of Planning: (i) Planning leads to rigidity because once a well defined plan is drawn, the managers may not be in a position to change it. (ii) Planning may not work in a dynamic environment as it is difficult to accurately assess future trends. The organisation has to constantly adapt itself to changes in the environment. (iii) Planning reduces creativity since people tend to think on the same lines as others. (iv) Planning involves huge costs in terms of time and money. (v) Planning is time consuming and sometimes not much time is left for its implementation. (vi) Planning does not guarantee success unless it is translated into action. OR (b) Explain the following types of plans: (i) Strategy 17 Q. (ii) Procedure (b) (i) Strategy § A strategy is a comprehensive plan for accomplishing an organisation’s objectives taking business environment into consideration. § It provides the broad contours of an organisations business and defines the organisation’s direction and scope in the long run. (ii) Procedure § It consists of routine steps on how to carry out activities. It details the exact manner in which any work is to be performed. It specifies the steps in a chronological order. § They are generally meant for insiders to follow. The sequence of steps or actions to be taken are generally to enforce a policy and to attain pre‐ determined objectives.

State any four limitations of planning.

Marking-scheme solution

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(a)OR(b)State any four limitations of planning.Explain the following types of plans:(i)Strategy(ii)Procedure(b)(i)Strategy

Marking-scheme solution

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State any four limitations of planning.