Question

R-Ox Ltd. wants to increase their market share by 4.5% in next two years. It spent a lot of money to hire specialized people for framing their plans, collecting important facts about environment who took lot of time to frame plans for the company. The competition has started increasing, and it is not able to beat its competitors because it has already spent a huge amount. The plan failed and company suffered a huge loss. Identify the limitation of planning stated in the given case :

विकल्प

• Planning involves huge cost 

• Planning may not work in dynamic environment

• Planning is a time-consuming process

• All of the above

Answer 1

All of the above

Explanation -

Planning takes time since all internal and external processes are examined before forming a strategy that may or may not operate in a changing context.