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In: Accounting

Scenario 1 Billy and John are managers in a same company. Before starting a project, Billy...

Scenario 1

Billy and John are managers in a same company. Before starting a project, Billy said “Let’s start planning” but John said “No” to planning because he thinks that the organisation has to constantly adapt itself to changes. It becomes difficult to accurately assess future trends in the environment. Once the plan is in the process of implementation managers are not allowed to deviate from plans nor they are allowed to act on their own. Furthermore, he says planning takes so much of time that no time is left for their implementation. On the other hand, Billy says planning helps by stating in advance what is to be done and how it is to be done. It shows the way to deal with changes and certain events.

Question 1 Based on the scenario 1, discuss the importance and limitations of planning. You can quote from the case above.

Question 2 “Is Planning important” State your stand and proceed to explain by quoting at least TWO (2) examples from your workplace.

* this is long essay question

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