Final answer:
Goals and plans may create rigidity, limiting the ability to adapt to changes, especially in turbulent environments. Long-term planning is challenged by issues such as inflation, coordinative decision-making complexities, and the commitment of resources to certain paths. Thus, flexibility in planning is crucial.
Step-by-step explanation:
One major limitation of goals and plans is that they can create rigidity in a turbulent environment. The act of delineating specific targets and pathways may constrain an organization's or an individual's ability to promptly adapt to unforeseen changes. This rigidity stems from several factors that are inherent in the planning process:
- Inflation makes it challenging to project long-term financial needs accurately, potentially affecting individuals planning for retirement as well as businesses forecasting costs and revenues.
- Coordinative challenges arise during group decision-making, where alignment on specific tactics is required, leading to transaction and conformity costs.
- Planning often involves committing resources to predefined paths, which can limit responsiveness and discourage innovation in dynamic contexts.
These constraints highlight the need for flexibility and agility in planning, allowing for revision and adaptability in response to environmental volatility.
Complete question is as follows :
Goals and plans may cause rigidity in a turbulent environment. One major limitation of goals and plans is: