Question

Explain the following limitations of planning function of management :
(i) Planning may not work in a dynamic environment.
(ii) Planning leads to rigidity.
(iii) Planning is time consuming.

Answer 1

Planning Constraints:
1. Volatile Surroundings: Business landscapes are in constant flux. Excessive dependence on plans can foster ineffectiveness during unforeseen circumstances.
2. Planning Fosters Inflexibility: Established plans may be rigidly followed, stifling essential adaptability.
3. Planning Demands Significant Time: In-depth assessment and prediction necessitate considerable time and resources, potentially impeding prompt responses.