Explain briefly the limitations of planning.Two paragraphs only. Limitations of Planning1. Lack of Dependable Information:The basic of planning is collect perfect information but dependable data isnot available while planning. It leads to failure in planning. The period of planningis also short. It is difficult to use advance forecasting techniques.2. Time Consuming & Expensive:Planning is time consuming & expensive process. The value expected fromplanning should be more than the cost involved in it.3. Internal Inflexibility:Business environment is always changing. Industries have to work underdynamic conditions. They have to face many problems. The manager may benegligent while revising the plans & procedure.

ANSWER: Lack of dependable information: It starts with collection of data. The reliable is based…

Answered: Explain briefly the limitations of…

Business

Operations Management

Explain briefly the limitations of planning. Two paragraphs only.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Question

100%

Explain briefly the limitations of planning.

Two paragraphs only.

Limitations of Planning
1. Lack of Dependable Information:
The basic of planning is collect perfect information but dependable data is
not available while planning. It leads to failure in planning. The period of planning
is also short. It is difficult to use advance forecasting techniques.
2. Time Consuming & Expensive:
Planning is time consuming & expensive process. The value expected from
planning should be more than the cost involved in it.
3. Internal Inflexibility:
Business environment is always changing. Industries have to work under
dynamic conditions. They have to face many problems. The manager may be
negligent while revising the plans & procedure.

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