There are the various limitation of planning :
(i) Based on forecasting –Planning is first based on forecasting which may not be realistic. If the circumstances go contrary the planning is bound to haywire.
(ii) Political instability – The planning are formed on the basis of the government”s, industrial, economical and monetary policies. Following a change in the government or the policies are subject to change which senders the plannings useless.
(iii) Reduction in initiative capacity – Every execution and employee has strictly to adhere here to the predetermined policies and is not permitted to take a lead in any activity or decision at his own, resulting in the loss of useful opportunity sometime.
(iv) Unsuitable for some business- In fashion,share market, information technology etc. Related business a long term planning is sendered unsuitable on account of the everchanging conditions.
