CBSE Class 12 Business Studies 2021 Outside Delhi set 1

Question : 12

Total: 60

Which of the following statements correctly explains the limitation of planning Planning does not guarantee success'?

Planning is required at all levels of management and in all the departments of the organization.
Planning involves thorough examination and evaluation of available alternatives.
Relying on a previously tried and tested successful plan just because it had worked before and will work again.
By deciding in advance the tasks to be performed, planning shows the way to deal with changes and uncertain events.

Solution:

(c) Relying on a previously tried and tested successful plan just because it had worked before and will work again.
'Planning is not a guarantee of success'. The statement which correctly, explains the limitations of Planning is that Planning may not work in a dynamic environment because they might not result the same way at the time of implementation as they sounded at the time of making also it is not a good idea to rely on the a previously tried and tested plan which had work earlier may not work again.

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