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State any three limitations of planning. |
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Answer» Limitations of Planning: (a) Leads to rigidity: Once a plan is drawn, managers may not be in a position to change it. (b) May not work in a dynamic environment: It is difficult to accurately assess future trends in environmental changes required for effective planning. (c) Reduces Creativity: Middle managers have to just implement the plans formed by top management without any deviations. (d) Involve huge cost: Cost is incurred on discussions with professional experts, etc. (e) Time consuming: A lot of time is consumed in collective and analysis of data, less time may be left for implementation. (f) Planning does not guarantee success: Previously successful plans may not work again, cannot guarantee to be successful again in similar situation. |
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