mega ltd. holds an annual management programme every year in the month of march in which the top managerial personnel formulate plans for the next year by analyzing and predicting the future to meet future events effectively.
as they are responsible for providing direction to the organization, facts are thoroughly checked using scientific calculation . detailed plans are prepared after discussion with professional experts . preliminary investigation are also undertaken to find out the viability of the plan since it is an intellectual activity requiring intelligent imagination and sound judgement so it is mainly done by the top management . usually rest of the members just implement the plans. middle level manager are neither allowed to deviate from the plans not are they permitted to act on their own. the top management ensures that the expenses incurred in formulating the plans justify the benefits derived from them.
state the two limitations and any two feature of planning discussed above
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in the above case,,
limitations of planning discussed are:
1.plan involves huge cost
2.plan are Time consuming
or some other limitations can be
plan are rigid and reduce creativity.
features of planning mentioned above is:
1.continuous
2.futuristic
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