Discuss the limitations of planning and | Class 12 Business Studies Chapter Planning, Planning NCERT Solutions

Question:

Discuss the limitations of planning and how they can be overcome.

Answer:

Planning, despite its advantages, has several limitations:

  1. Rigidity: Plans can restrict flexibility. This can be mitigated by allowing room for adjustments in response to changing conditions.
  2. Uncertainty: Plans are based on forecasts, which may not always be accurate. Managers should develop contingency plans to address unexpected situations.
  3. Time-consuming: Planning can be a lengthy process that delays action. To avoid this, organizations should streamline the planning process and ensure timely decision-making.
  4. Costly: Planning often involves considerable financial and time investments. To manage this, organizations should balance the cost of planning with the potential benefits it offers.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Planning.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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Welcome to the NCERT Solutions for Class 12 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 9: Discuss the limitations of planning and how they can be overcome.....