Question

‘GO COLORS’ is a balloon manufacturing firm. With the arrival of foreign firms it

is feeling the pressure of improving its business strategy. Because of the firm’s

advance planning it could not suddenly bring changes in its plans as the whole

organisation had started implementing the decided plan. But this year the organisation

wants to ensure success. However, the firm knows that the external environment is

changeable and continues to vary in a fast manner. The organisation wants to prepare

in advance for a better future. It has decided to allocate a portion of its budget

specifically for proper planning as it knows there are going to be expenses like

Expert’s fee, survey charges, etc.

Which limitations of planning have been identified in the above case?​

Answer 1

Answer:

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Explanation:

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