Answer to Question #189415 in Management for palesa molefe

Question

1. Briefly explain the four largest problems in planning
2. Provide a suitable solution to each problem based on your understanding of the chapter.

Answer 1

1. Briefly explain the four largest problems in planning

2. Provide a suitable solution to each problem based on your understanding of the chapter.

 

a) Time commitment: Planning requires a dedication of time. While other people overestimate the time dedication required to plan, others use very little time, which may not yield effective results.

Solution: The planning should be broken into manageable chunks of time and ensuring work sessions are scheduled into reasonable durations like two to three hours.

b) Difficulty in visualizing the future: Planning requires a lot of creativity. An individual has to visualize the scope of his business operations for two, three, or even seven years from now.

Solution: The vision should bank on a well-built assessment of the outlook for the business functions and the general economy. With a rapidly changing environment, business owners must consider dealing with such when preparing a plan.

c) Finishing the plan: Since a plan is like a working document, it is not meant to stay inactive until planning time arrives. Business people have a challenge in determining the end of the prepared plan.

Solution: Having confidence in one’s planning ability while putting in mind that it is impossible to have a perfect plan. The confidence will help in striving towards finishing the planned work.

d) Developing Marketing Strategies: Business owners tend to make vague marketing strategies. They fail to include the specific action plans that make the strategies a reality. Besides, the strategies could be beyond the business potential.

Solution: Developing marketing strategies that have specific steps and those that the business is capable of handling.