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Do you think that planning will …

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Do you think that planning will work in changing environment?

Posted by Ankita Yadav 3 years, 3 months ago

CBSE > Class 12 > Business Studies

2 answers

Akash Kumar Singh 3 years, 3 months ago

No

Arshiya Sultana 3 years, 3 months ago

Planning has a less chance of working correctly in a changing environment. Nature of business is dynamic and it continuously changes. For example, factors like social, political, rules and regulations are prone to changes on a continuous basis. Planning cannot detect such changes and therefore prove not that effective. For example, a company has planned to make white bread but the market demand shifted to brown bread due to people becoming more health conscious. Here the company needed to change its previous plan as market factors were not as per the plan

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