Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2015, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating two ‘limitations of planning’ which led to decline in it sales. Identify one of them. (a) Planning creates rigidity (b) Planning reduces creativity (c) Planning involves huge costs (d) Planning does not guarantee success

Super Fine Rice Ltd. has the largest share of 55% in the market. The c

1.	Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2015, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating two ‘limitations of planning’ which led to decline in it sales. Identify one of them. (a) Planning creates rigidity (b) Planning reduces creativity (c) Planning involves huge costs (d) Planning does not guarantee success
Answer» Correct option is (d) Planning does not guarantee success