What are the Limitation of planning?

Answer 1

1. Very Expensive ProcessPlanning is the big process so it is very time consuming and you can say money consuming.it may delay certain cases.the expenses on planning is directly proportional to the time spent on planning. if you plan to maintain your budget according the planning process, then result may vary in many cases. 2. Non availability of datait is major problems on the everywhere you can not find the real data which you want. planning loses its value in absence.and the second problem is when you can not effort too much money for sufficiant information. 3. Inability of plannerPlanning is a forward looking process. if a planner has a tendency to follow rather than lead then he can not make a good plans. So you need a good planner. 4. RigidityPlanning involves the determination of a course of action in advance. It may lead to internal inflexibility and procedural rigidity. For example With the planning a business or organization may achieve certain goals. But this way planning may create rigidity or It locks business into certain goals. 5. ForcastingPlanning has its limitation just as it can not forcast anything . Planning is the roadmap to achieving the certaqins goals. if the forcasts do not turn out to be true, the effectivness of planning is likely to be highly impaired. If authentic figures and information are not available, planning becomes unrealistic. 6. External FactorsExternal factors are very difficult to predict. some external factors are War, goverment control and polocies, Market slump etc.these may make the implementation of plans very difficult. 7. Less AccuratePlanning and prediction for future work may be a awful work for anyone. Business planning is done by fast, simple and accurate techniques. Inefficient techniques of data collection used by planners cause accuracy problems. 8. Over Ambitious ProjectionsSometimes Business owners and professionals set over ambitious projections then reality. Outline a clear vision. Business planning should be based on real facts and it must show a realistic path to targeted goal. Make it real and alive. 9. Top Level CommitmentEveryone know that commitment is essential to success. And true commitment at the top level is the major challenges in business planning process. It gives power to people to make solid decisions within the limitations of planning. Tips to Overcome planning limitationsit is very difficult to overcome such limitation those are not in your hand but you can tackle them with following tips:

1. The management information system should be properly organised so that relavent information is made available to the planners.

2. The management should give sufficiant time and attaintion to planning. because as we say earlier, it is a long process

3. A definitive target and system of control should be directly associated with planning to ensure that plans are implemented properly.

4. Managers should be prepared to do innovative thinking to increase the efficiancy of planning.

5. A system of forecasting coupled with a keen insight into the dynamics of future environment should be developed.

6. Involving many people in the planning process, to generate a feeling of ownership of the planning process.

After seeing a overview of limitations of planning we take a look at the benefits that can be achieved by an organizatoin with limitation:

with planning you can concentrates on your Objectives:

It provide you a sense of direction

It provides integrated diverse forces at work

It reduce Uncertainty

It improver adaptibility

It improves competitive strength