which of the following is not the internal element of limitation of planning
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Answer:
12th
Business Studies
Planning
Meaning, Features, Importance, Limitations and Process of Planning
Explain briefly the externa...
BUSINESS STUDIES
Explain briefly the external limitations of planning.
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ANSWER
External Limitations of Planning:
Sometimes planning fails due to following limitations on which managers have no control.
(i) Natural calamity:
Natural calamities such as flood, earthquake, famine etc. may result in failure of plan.
(ii) Change in competitors’ policies:
Sometimes plan may fail due to better policies, product and strategy of competitor which was not expected by manager.
(iii) Change in taste/fashion and trend in the market:
Sometimes plans may fail when the taste/fashion or trend in market goes against the expectation of planners.
(iv) Change in technologies:
The introduction of new technologies may also lead to failure of plans for products using old technology.
(v) Change in government/economic policy:
Managers have no control over government decisions. If government economic or industrial policies are not framed as expected by manager then also plans may fail.
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Answer:
increase in population