In the business world, planning is to avoid the consequences of failure. Planning helps to have a focus, and solutions to possible issues that may arise. The consequences could be not having realistic goals, and not having the right people to help accomplish the goals.
Planning for the potential consequences by putting a monitoring process in place is Assuming the risk.
If you don't plan, you will not be prepared for the event, or any changes to the outcome you might be expecting.
Criticisms of Planning Planning may create rigidity. Plans cannot be developed for dynamic environments. Formal plans cannot replace intuition and creativity. Planning focuses managers’ attention on today’s competition not tomorrow’s survival. Formal planning reinforces today’s success, which may lead to tomorrow’s failure. Just planning isn’t enough.
***Planning may create rigidity ***Planning cannot be developed in a dynamic environment ***A formal plan cannot replace intuition and creativity ***Planning focuses managers attention on today's competition not tomorrows survivors ***Formal planning re in forces success which may lead to failure. The following are the point of criticism of a planning. You can define it properly .
Any Project that needs to be executed has to be planned. Any tasks that was begun without proper planning and due diligence is almost always a failure. So, as a responsible project manager you have to plan your project properly to ensure that, your baby is a success. After all, which project manager wants to spend months of his time on a failing cause? Atleast, I don't … What are the Phases Involved in Project Planning? Project Planning involves 4 important phases. They are: 1. Planning the Project Scope 2. Planning the Project Resources 3. Planning the Project Schedule 4. Planning Quality & Risk Management
ACHIEVEMENT AND FAILURE of economic planning in india?
One of the consequences of poor tourism planning is having no hotel in stay in. Another consequence could be not knowing what to do when you arrive at your destination.
The consequences of having a lack of tourism planning or poor tourism planning is that the tourism industry is unorganized, the tourist does not take the opportunity to travel, the numbers of tourists decrease. and profits decrease.
War
Nothing!
Market failure
Reluctant of top management to planning because they might have fear of failure.
Planning for the potential consequences by putting a monitoring process in place is Assuming the risk.
stress
Market failure
1.Lack of "REAL" commitment in planning. 2.Interchanging planning studies with plans. 3.Failure to develop and implement sound strategies. 4.Lack of meaningful obectives and goals. 5.Tendency to underestimate the importance of planning premises. 6.Failure to see the scope of plans. 7.Failure to see planning as a rotational process. 8.Too much reliance on experience. 9.Failure to use the principle of limiting factor. 10.Lack of top management support.
A combination of two failures lead to catastrophic event and the first failure is latent is there probability requirement for the latent failure?