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Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.
- a)Planning leads to rigidity
- b)Planning may not work in a dynamic environment
- c)Planning is pervasive
- d)Planning involves huge costs
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Super Fine Rice Ltd. has the largest share of 55% in the market. The c...
Limitation of Planning in a Dynamic Environment
Planning is a crucial aspect of any business strategy as it helps in setting goals, allocating resources, and guiding decision-making. However, in a dynamic environment, planning may face limitations that can impact the success of a company.
1. Rigidity:
- One of the limitations of planning is that it can lead to rigidity in decision-making. When managers rely too heavily on previously successful plans without considering changes in the external environment, they may fail to adapt to new circumstances. In the case of Super Fine Rice Ltd., the company's insistence on selling only for cash despite competitors offering credit led to a decline in sales.
2. Dynamic Environment:
- The business environment is constantly evolving, with changes in customer preferences, market trends, technology, and competition. In such a dynamic environment, a rigid planning approach may not be effective as it does not allow for flexibility and adaptability.
3. Lack of Innovation:
- Over-reliance on past successful plans can stifle innovation and creativity within the organization. When managers are focused on sticking to the same strategies, they may overlook opportunities for growth and improvement.
4. Competitive Disadvantage:
- In a competitive market, companies that fail to adapt to changing conditions risk losing their market share to more agile competitors. Super Fine Rice Ltd.'s reluctance to adjust its sales strategy in response to competitors offering credit put the company at a disadvantage.
5. Need for Strategic Agility:
- To overcome the limitations of planning in a dynamic environment, companies need to cultivate strategic agility. This involves the ability to quickly respond to changes, experiment with new ideas, and adapt plans as needed to stay competitive.
In conclusion, while planning is essential for business success, it is important to recognize its limitations in a dynamic environment. Companies must be willing to embrace change, challenge assumptions, and continuously evaluate and adjust their strategies to remain relevant and competitive.
Planning is a crucial aspect of any business strategy as it helps in setting goals, allocating resources, and guiding decision-making. However, in a dynamic environment, planning may face limitations that can impact the success of a company.
1. Rigidity:
- One of the limitations of planning is that it can lead to rigidity in decision-making. When managers rely too heavily on previously successful plans without considering changes in the external environment, they may fail to adapt to new circumstances. In the case of Super Fine Rice Ltd., the company's insistence on selling only for cash despite competitors offering credit led to a decline in sales.
2. Dynamic Environment:
- The business environment is constantly evolving, with changes in customer preferences, market trends, technology, and competition. In such a dynamic environment, a rigid planning approach may not be effective as it does not allow for flexibility and adaptability.
3. Lack of Innovation:
- Over-reliance on past successful plans can stifle innovation and creativity within the organization. When managers are focused on sticking to the same strategies, they may overlook opportunities for growth and improvement.
4. Competitive Disadvantage:
- In a competitive market, companies that fail to adapt to changing conditions risk losing their market share to more agile competitors. Super Fine Rice Ltd.'s reluctance to adjust its sales strategy in response to competitors offering credit put the company at a disadvantage.
5. Need for Strategic Agility:
- To overcome the limitations of planning in a dynamic environment, companies need to cultivate strategic agility. This involves the ability to quickly respond to changes, experiment with new ideas, and adapt plans as needed to stay competitive.
In conclusion, while planning is essential for business success, it is important to recognize its limitations in a dynamic environment. Companies must be willing to embrace change, challenge assumptions, and continuously evaluate and adjust their strategies to remain relevant and competitive.
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Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer?
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Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer?.
Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Here you can find the meaning of Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2020, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on its previously tried and tested successful plans which didn’t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating limitation of planning which led to decline in it sales, Identify it.a)Planning leads to rigidityb)Planning may not work in a dynamic environmentc)Planning is pervasived)Planning involves huge costsCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
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