Assume a situation where you join a company and the top management assign you the task
to prepare a plan for their new project in the new geographical location. What are the arguments
you will construct for or against this statement, “Formal Plans cannot replace intuition and
creativity” with specific example to convince management.
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BUS 137 Principles of Management My Maria Rivera
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Following is a construct in favour of the given statement:
Explanation:
- Formal plans cannot replace intuition and creativity. Planning focuses the managers' concentration on today's competition, not on future survival.
- Formal planning emphasizes success, which might lead to failure.
- Without creativity, there would be no new idea generation and the organization will keep working on primordial ways, which will consequently lead to loss of vigour in it.
- Subsequently, formal plans may result in expensive blunders and bring upon catch up costs when others take the lead.
- For example, several companies have discovered much of their success to be the outcome of drifting into unexplored waters, designing and developing novel industries as they go.
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