power point presentation on Limitations of planning

1. LIMITATIONS OF PLANNING

2. 1. Lack of accurate information
Planning is done for future
and the quality of planning
depends upon accuracy of
information. No manager can
predict completely and
accurately the events likely
to occur in future.

3. Planning is time consuming and
expensive process. Collection of
data, it analysis, interpretation
etc.. involves considerable time
and money.

4. 3. Resistance to change
Most people generally do not like changes.
They resist change due to fear of failure
and uncertainty. Unless the required
changes are made, planning may be
ineffective.

5. 4. False sense of security
Planning may create false sense
of security in the organization
that everything is going well. It
affects independent thinking
and creativity of managers.

6. 5. Inflexibility
Planning implies
predetermination of policies,
procedures and programmes.
Employees are required to work
strictly adhering to this. It
restricts the individual skill,
initiative and creativity.