The business environment is dynamic, nothing is constant. The environm

1.	The business environment is dynamic, nothing is constant. The environment consists of a number of dimensions, economic, political, physical, legal, and social dimensions. (a) In the paragraph, one of the limitations of planning has been described. Identify it. (b) State any two more limitations of planning. (c) Name the value that can be emphasized by overcoming the limitation of identified in the above paragraph.
Answer» (a) Planning may not work in a dynamic environment. (b) (i) Planning leads to rigidity. (ii) Planning involves huge cost. (c) Adaptability.

The business environment is dynamic, nothing is constant. The environment consists of a number of dimensions, economic, political, physical, legal, and social dimensions. (a) In the paragraph, one of the limitations of planning has been described. Identify it. (b) State any two more limitations of planning. (c) Name the value that can be emphasized by overcoming the limitation of identified in the above paragraph.

Answer»

(a) Planning may not work in a dynamic environment.

(b) (i) Planning leads to rigidity.

(ii) Planning involves huge cost.