Planning — Important Questions

Planning focuses on achieving objectives, Planning is a primary function of management, Planning is pervasive, Planning is futuristic

Planning has several key features: it focuses on achieving objectives, is a primary function of management, is pervasive (required at all levels), and is futuristic (looks ahead). It is not limited to top management only and is not a one-time activity but continuous.

True

This statement is true. Planning provides directions by stating in advance how work is to be done. It ensures that goals are clearly stated so they act as a guide for deciding what action should be taken and in which direction.

Planning leads to rigidity, Planning reduces creativity, Planning involves huge costs

Planning has several limitations including rigidity (difficulty in changing pre-decided plans), reduced creativity (as employees just follow plans), and huge costs (time and money for formulation). Planning does not guarantee success and may not work well in dynamic environments.