Based on the case study given below, answer the questions.

Calculus limited had been taken over by Radha Group immediately following India’s independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation resources to reduce wastage. For this purpose the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.

"The management had done effective forecast and critical thinking regarding allocation resources to reduce wastage. For this purpose the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures".

Which of the following limitation of planning is reflected here?

Planning does not guarantee success

The correct answer is option 2 i.e. Planning does not guarantee success.

The limitation of planning reflected in the given scenario is: "Planning does not guarantee success." Despite the management's effective forecasting, critical thinking, and laying down multiple courses of action, the company still suffered losses in 2008 due to the great recession. This demonstrates that even thorough planning cannot guarantee success in all situations, as external factors beyond the company's control can impact outcomes.