Class 12 Business Studies - Chapter Planning NCERT Solutions | Why is it that organisations are not alw
Why is it that organisations are not always able to accomplish all their objectives?
Planning is the most important activity as it tells where to go. And it provides direction and reduces the risk of uncertainty by preparing forecasts. And it is extremely important to invest enough time and money to formulate plans for the success of the organization. But due to the dynamic nature of the business environment the plans of the organization do not work accordingly. This is because it has various limitations and due to which the organizations would not be able to achieve its objectives. Followings are the limitations of planning:
1. Planning leads to rigidity: A specific plan made in an organization indicates the objective to be achieved and the ways of doing work. And a manager may not be able to change these plans, it leads to rigidity.
2. Planning may not work in a dynamic environment: Business environment consists of social, economical, legal, political, and technological factors which keep on changing. And the organization has to adapt these changes by itself. But planning cannot exactly assess the future trends and thus fails in a dynamic environment.
3. Planning reduces creativity: Planning is the activity which is performed by the top level of management and the members of middle and lower level of management are there just to implement these plans. They are neither allowed to participate in the planning process nor permitted to act on their own. And this leads to reduction in creativity and innovation.
4. Planning involves huge costs: Planning involves a lot of time, cost and efforts of the managers. It requires collection of data, boardroom meetings, investigation and discussion with experts and it involves a lot of expenditures of the organization. And sometimes the cost incurred may not justify the benefits derived from the plans.
5. Planning is a time consuming process: Sometimes the planning process takes a lot of time and due to which there is not much time left for their implementation. And this leads to failure of planning.
6. Planning does not guarantee success: The success of planning totally depends upon its implementation. And lack of proper implementation leads to failure of planning. Though the plan has worked earlier, it may not work again due to change in the external environment.
More Questions From Class 12 Business Studies - Chapter Planning
- Q:-
What are the steps taken by management in the planning process?
- Q:-
How does planning provide direction?
- Q:-
An auto company C Ltd. is facing a problem of declining market share due to increased competition from other new and existing players in the market. Its competitors are introducing lower priced models for mass consumers who are price sensitive. C Ltd. realized that it needs to take steps immediately to improve its market standing in the future. For quality conscious consumers, C Limited plans to introduce new models with added features and new technological advancements. The company has formed a team with representatives from all the levels of management. This team will brainstorm and will determine the steps that will be adopted by the organisation for implementing the above strategy. Explain the features of Planning highlighted in the situation given below. (Hint: Planning is pervasive, Planning is futuristic and Planning is a mental exercise).
- Q:-
In an attempt to cope with Reliance Jio’s onslaught in 2018, market leader Bharti Airtel has refreshed its ₹ 149 prepaid plan to offer 2 GB of 3G/4G data per day, twice the amount it offered earlier. Name the type of plan is highlighted in the given example. ? State its three dimensions also.
- Q:-
Planning reduces creativity. Critically comment.(Hint: both the points - Planning promotes innovative ideas and planning reduces creativity – will be given).
- Q:-
A company wants to increase its market share from the present 10% to 25% to have a dominant position in the market by the end of the next financial year. Ms Rajni, the sales manager has been asked to prepare a proposal that will outline the options available for achieving this objective. Her report included the following options - entering new markets, expanding the product range offered to customers, using sales promotion techniques such as giving rebates, discounts or increasing the budget for advertising activities. Which step of the planning process has been performed by Ms Rajni?
- Q:-
Rama Stationery Mart has made a decision to make all the payments by e-transfers only. Identify the type of plan adopted by Rama Stationery Mart.
- Q:-
What kind of strategic decisions are taken by business organisations?
- Q:-
What are the main aspects in the definition of planning?
- Q:-
Can planning work in a changing environment? Give a reason to justify your answer.
Popular Questions of Class 12 Business Studies
- Q:-
What is meant by staffing?
- Q:-
Identify the network of social relationships which arises spontaneously due to interaction at work.
- Q:-
What is informal communication?
- Q:-
State the meaning of controlling.
- Q:-
What is meant by capital structure?v
- Q:-
What is meant by management?
- Q:-
What is a Treasury Bill?
- Q:-
State any two advantages of branding to marketers of goods and services?
- Q:-
What makes principles of management flexible?
- Q:-
Under which consumer right does a business firm set up consumer grievance cell?
Recently Viewed Questions of Class 12 Business Studies
- Q:-
Ritu is the manager of the northern division of a large corporate house. At what level does she work in the organisation? What are her basic functions?
- Q:-
Ms. Jayshree recently completed her Post Graduate Diploma in Human Resource Management. A few months from now a large steel manufacturing company appointed her as its human resource manager. As of now, the company employs 800 persons and has an expansion plan in hand which may require another 200 persons for various types of additional requirements. Ms. Jayshree has been given complete charge of the company’s Human Resource Department.
Questions
a. Point out, what functions is she supposed to perform?
b. What problems do you foresee in her job?
c. What steps is she going to take to perform her job efficiently?
d. How significant is her role in the organisation? - Q:-
Discuss Maslow’s Need Hierarchy theory of motivation.
- Q:-
Discuss the role of ‘sales promotion’ as an element of promotion mix.
- Q:-
A major insurance company handled all recruiting, screening and training processes for data entry/customer service representatives. Their competitor was attracting most of the qualified, potential employees in their market. Recruiting was made even more difficult by the strong economy and the ‘jobseeker’s market.’ This resulted in the client having to choose from candidates who had the ‘soft’ skills needed for the job, but lacked the proper ‘hard’ skills and training.
Questions
a. As an HR manager what problems do you see in the company?
b. How do you think it can be resolved and what would be its impact on the company? - Q:-
Which element in the communication process involves converting the message into words, symbols, gestures etc.?
- Q:-
What are the external sources of recruitment? Discuss their advantages.
- Q:-
Name the document prepared in the process of online trading of securities that is legally enforceable and helps to settle disputes/claims between the investor and the broker.
- Q:-
Why is management considered to be a multi-dimensional concept?
- Q:-
Name the component of product mix that helps the consumer to exercise the right to information.
- All Chapters Of Class 12 Business Studies
- All Subjects Of Class 12