Question : Statement 1: Planning helps organizations adapt to changes.
Statement 2: Planning reduces the need for flexibility.
Option 1: Statement 1 correct, Statement 2 incorrect.
Option 2: Statement 1 incorrect, Statement 2 correct.
Option 3: Both statements are correct.
Option 4: Both statements are incorrect.
Correct Answer: Statement 1 correct, Statement 2 incorrect.
Solution : The correct answer is (a) Statement 1 correct, Statement 2 incorrect.
Statement 1 is correct. Planning helps organizations adapt to changes by providing a structured approach to anticipate and respond to changing circumstances. It involves considering various scenarios and preparing for contingencies.
Statement 2 is incorrect. Planning does not reduce the need for flexibility. In fact, effective planning recognizes the importance of flexibility and adaptability in the face of uncertainties and changes.
Therefore, the correct option is (a) Statement 1 correct, Statement 2 incorrect.
Question : Which of the following limitation of planning is highlighted in the below statement? To cope up with the circumstances managers need to be given some flexibility.
Question : Statement 1: Labor market flexibility is essential for promoting employment growth in India.
Statement 2: Labor market flexibility refers to the ease of hiring and firing workers.
Question : Case Study: DEF Educational Institute
DEF Educational Institute is a reputed school offering various academic programs. They are planning to introduce a new vocational course. Question:
The characteristic of
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