Identify which of the following is not a limitation of planning :

Reduces the risk of uncertainty

The correct answer is option (3) : Reduces the risk of uncertainty

Certainly, let me explain the limitations and the statement that is not a limitation of planning:

1. Leads to rigidity: Planning can sometimes lead to rigidity when organizations strictly adhere to their initial plans even when conditions change. In such cases, a lack of flexibility can hinder adaptation to new circumstances.

2. Reduces creativity: Extensive planning might limit creativity if it enforces rigid structures and procedures, leaving little room for innovative thinking and spontaneity. Employees may feel constrained by overly detailed plans.

4. Involve huge costs : Planning does involve costs, such as the time, resources, and effort needed to create and implement plans. These costs can be significant, especially for complex or long-term planning efforts.

3. Reduces the risk of uncertainty: This statement is not a limitation of planning. In fact, one of the primary purposes of planning is to help organizations manage uncertainty and reduce risks. Planning allows organizations to anticipate and prepare for potential challenges, which, in turn, reduces the risk associated with uncertain situations.

So, the correct statement is that planning reduces the risk of uncertainty, and the other three statements represent potential limitations or challenges associated with planning.