“Planning is of vital importance in the managerial functions but it

1.	“Planning is of vital importance in the managerial functions but it is no Hree from limitations”. Do you agree with this statement? Justify your views. Mention any two limitations of planning.
Answer» (a) I agree (b) (1) Planning makes the activities rigid. (2) Long term plans are in significant in the rapidly changing business environment. (3) It reduces creativity. (4) It involves cost.

“Planning is of vital importance in the managerial functions but it is no Hree from limitations”. Do you agree with this statement? Justify your views. Mention any two limitations of planning.

Answer»

(a) I agree

(b) (1) Planning makes the activities rigid.

(2) Long term plans are in significant in the rapidly changing business environment.

(3) It reduces creativity.

(4) It involves cost.