Answered: Discuss contemporary issues in…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Discuss contemporary issues in planning.

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Planning is the primary function of managerial activities that includes defining, establishing and developing for the coordination, synchronization and integration of organizational work.

The contemporary issues in planning are

1. Criticisms of Planning activities

Often it has been observed that planning is rigid and inflexible which may lead to redundancy in growth activities.
For dynamic environment planning cannot be developed.
Intuition and creativity are seen as hindrance to planning activities
Planning leads to competition among managers for better today. It ignores the better sustainable tomorrow.
Today's success can lead to sidelining of tomorrows plan which may lead to failure.

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