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Q1: What are the barriers to efficient and effective planning in local business environment? Ans: Effective planning requires a lot of thought provoking process and lecture planning. Planning is the challenging process. An affective manager has to look beneath the surface because managing is the continuously evolving process. In order to get any optimum result managers have to and deal with any barriers that inhibit successful planning. Some are as follow:
i- Inadequate knowledge:
Managers are not born with ability to know everything. Some managers are not successful planners because they lack the basic and background knowledge of the business.
Q2: Relate planning function to other important function in management with the help of an example each. ANS: Planning is a very vital component planning is related to all other important functions controlling leading and organizing.
Planning is related to controlling in a way that if one is having control over his thought and mechanism, then he would have to effectively plane for the goals. In order to control effectively, one has to plane carefully and wisely. So these functions are related closely.
Example:
Bill gates, the CEO of Microsoft are a perfect example. He had the leadership qualities and vision to make Microsoft flourish.
Example:
Mansha is the richest Pakistani businessman who owns number of business like MCB and Nishat textiles etc.. in order to run huge business like these effective organization skills are a key to good plannig