Question

Planning is a mere ritual in fast changing environment comment on this statement​

Answer 1

Answer:

Planning enables management to command the future rather than being swept away by future. In a fast changing environment the need for planning is all the more important because risk and uncertainty increase. In such an environment contingent plans can be prepared.

Answer 2

"Planning is a mere ritual in a fast-changing environment"

• Changes in an economic and non-economic environment of business are Rapid such Rapid changes reduces the effectiveness of planning.
• Our environment is highly turbulent and its uncertainty and unpredictability make planning a time consuming and expensive exercise.
• An unstable environment possesses doubt on the reliability of plans. But it's always good to be proactive and reactive. Incorporating small changes in the planet is always welcomed.
• To do this we can make content plans doors can tension plants have to be reviewed and revised repeatedly and frequently in case of a highly volatile environment