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Showing posts with label Business Management. Show all posts
Showing posts with label Business Management. Show all posts

Thursday, 9 April 2020

Limitations or Criticism of Planning Part II


This is in continuation to my earlier Blog Post on “Limitations/ Criticism of Planning”. Some of the remaining points are explained below:-




Delay in Implementation/ Action: Planning process involves numerous activities like gathering information, planning for resources, hiring professionals, finding alternatives, analyzing and evaluating alternatives, selecting the best alternative, etc. All these activities consume a lot of time thus delaying actual action. Such kind of delay in implementation and action makes it unfitting to adopt planning where swift actions are needed.

Limited Flexibility: One of the major drawbacks of planning is its inflexible nature. Once the plans are made and are implemented in the organization all the processes start working accordingly so do the employees. In case any need arises due to certain circumstances, it becomes problematic for the management to make changes in the plan, as any change would mean starting everything afresh. Such inflexibility may be categorized further in two forms i.e. ‘Internal or Organizational inflexibility’ and ‘External or Environmental inflexibility’.

Internal inflexibility is because of the fact that the plans are being followed and processed by the organization and employees, and making changes would cause loss of time and efforts with additional cost and delayed goal achievement.

Likewise, external inflexibility arises because of the changes in government policies and regulations, technological advancements, competition, etc. Once there are changes in the external environment of the business it becomes necessary to modify the plans to suit the prevailing business conditions, however it is not as easy as it may sound.

Psychological Barriers: Whole planning process is prepared by managers and implemented by employees, where all are human beings. Wherever, humans are involved there exists psychology, emotions, mindsets, etc. Planning needs the cooperative and whole hearted determinations of the managers and employees for it to be a success. However, in general managers do not get proper feedback, suggestions and co-operation from their subordinates likewise subordinates feel lack of trust and appreciation from their superiors. With this kind of mindset it becomes challenging to make planning a success.

Limited Practicability: Planning is an intellectual process which involves lot and lots of deliberations and discussions before forming any concrete solution or plan. However, there are only a few plans that are implemented successfully in the business organization. Thus, many of the scholars are of the view that instead of investing more efforts on planning managers should invest time and efforts on making its implementation practically successful.

Limited Creativity/ Initiative: Another drawback of planning includes the lack of creativity and initiative among employees. As is known, planning once implemented is to be followed by the employees in order to achieve the organizational objectives. This makes the employees a blind followers of the pre-determined plans, which hinders their capability of initiative ideas and suggestions. This also discourages any creativity on part of the employees, which can possibly be beneficial for the organization.


Conclusion:
The above discussed points substantiate the facts that ‘planning is not a substitute to success’ as it suffers from certain drawbacks. However, it does not mean that mangers should circumvent planning, rather they should try to plan considering the limitation of planning and should try to overcome it with creative ideas.

Monday, 6 April 2020

Limitations or Criticism of Planning Part I


Just like any other technique in the world planning also attracted lot of criticism by various scholars for various reasons. Although planning is beneficial for the business as it guides the management and employees to achieve the objectives of the organization however, in many cases it lacks in certain aspects which makes it a skeptical process. Many a times its expediency and effectiveness is questioned for it is based on just uncertain facts, figures and circumstances which in itself is questionable. Most important criticism comes from the complications arising in the planning process. Some of the major issues with planning are discussed here:



Monday, 30 March 2020

Essentials of Good Planning Part - I


As is evident from different theories of business management, that planning is the fundamental and inseparable aspect of any business thus its significance cannot be undervalued. All objectives are achievable only after an effective and efficient planning.

Every organization tries to make its planning comprehensive and operational. Its top management devotes a considerable time and effort in order to intellectualize an effective plan. A plan is considered as effective based on certain criteria. However, in simple terms an effective plan is one which is capable of accomplishing the pre-determined objectives of the business with given time and resources.

Some of the essential traits that make planning effective are discussed under:




Sunday, 26 July 2015

PRINCIPLES OF MANAGEMENT: IMPORTANCE OF MANAGEMENT BY EXCEPTION




PRINCIPLES OF MANAGEMENT: Importance of Management by Exceptions




Large Scale Business & Industrial units are having complex as well as complicated activities where decision making & supervision is needed at each step within a short notice. So the technique of Management by Exceptions has gained grounds and is popular in nature. As it has given more freedom in decision making & job performances to different Levels of Management, its utility level has increased many folds.

Sunday, 19 July 2015

PRINCIPLES OF MANAGEMENT / MANAGEMENT BY EXCEPTION



PRINCIPLES OF MANAGEMENT: 
Management by Exceptions 

Today the world has become more complex and day to day activities in different fields have changed many folds. The technology and its utility level have changed a lot and so has the utilization. The thinking pattern has also changed a lot. Many new forms of activities have changed the understanding perspective in our lives.

Wednesday, 15 July 2015

PRINCIPLES OF MANAGEMENT / IMPROVEMENT OF MANAGEMENT BY OBJECTIVES




PRINCIPLES OF MANAGEMENT: Ways to Improve Management by Objectives

Management is a dynamic field and it adopts as per the needs of the hour. Many changes have taken place since its inception. Few points are put forward so that Process of Management by Objectives be made further more effective, are as:-

Tuesday, 16 June 2015

PRINCIPLES OF MANAGEMENT: X & Y Theory of Douglas Mc Gregor




During the course the development of scientific management different scientists working in the management field left their footprints, which are still followed.  One of the prominent management expert was Professor Douglas Mc Gregor.

Approach adopted by Professor Douglas Mc Gregor was totally different at that time because he was a decisive advocate to the humanitarian thinking towards the workers & employees. 

Sunday, 14 June 2015

COORDINATION: PRINCIPLES OF MANAGEMENT / MANAGEMENT PROCESS



Coordination as a process is mutual understanding to achieve predetermined goal of industrial or business organization utilizing all the factors of production. The development of harmonious,

Friday, 12 June 2015

CONTROL: PRINCIPLES OF MANAGEMENT / MANAGEMENT PROCESS



An important process is Control, which keeps the whole system in check so that it moves as per the pre defined parameters.  Control determines the actual status with respect to the planned performance.

Sunday, 24 May 2015

MOTIVATION: PRINCIPLES OF MANAGEMENT / MANAGEMENT PROCESS



Motivation is a very important activity of Management Process. Motivation basically is an urge from inside the worker or employee to perform efficiently and to the best of their individual capacity.

Motivation generally breaks the inertia of employee having an internal feeling & thought to perform minimum activities

Monday, 18 May 2015

STAFFING: PRINCIPLES OF MANAGEMENT / MANAGEMENT PROCESS



PRINCIPLES OF MANAGEMENT: MANAGEMENT PROCESS: - Element - Staffing

Another important activity of Management Process is Staffing.

Staffing is basically selection, training, development and assessment of the human factor present in any unit or organization. A unit or organization is composed of

Sunday, 17 May 2015

ORGANISATION: MANAGEMENT PROCESS / ELEMENT OF MANAGEMENT



Organization is another major important activity of Management Process.

Organization, itself is a group of dedicated people regarding certain specific pre stipulated set of Goals in an industrial or business enterprise.

Friday, 15 May 2015

PLANNING: MANAGEMENT PROCESS / ELEMENT OF MANAGEMENT



Planning is one of the major activities of Management Process. It is a thinking and decision making process which aims at forecasting the future and determining the course of action to face the future and achieve the pre-determined objectives of the organisation. It is a continuous process.

By planning we mean to determine the finiteness of decision making. Basic questions are raised during the process, which ultimately lead to reach at the amicable solutions. Some of the basic Questions are given below as: