Practicing Success
In an organisation, a well defined plan is drawn up with ____________ goals to be achieved within a specific time frame. |
Competitive Time bound Flexible Specific |
Specific |
The correct answer is option (4) : Specific Limitations of Planning (i) Planning leads to rigidity: In an organisation, a well-defined plan is drawn up with specific goals to be achieved within a specific time frame. These plans then decide the future course of action and managers may not be in a position to change it. This kind of rigidity in plans may create difficulty. Managers need to be given some flexibility to be able to cope with the changed circumstances. (ii) Planning may not work in a dynamic environment: The business environment is dynamic, nothing is constant. The environment consists of a number of dimensions, economic, political, physical, legal and social dimensions. The organisation has to constantly adapt itself to changes (v) Planning is a time-consuming process: Sometimes plans to be drawn up take so much of time that there is not much time left for their implementation. |