problems and limitations of planning that WOW sight and sound face
Introduction
Planning is one of the primary and essential functions of management skills that encompasses verbalization of one or more strategic objectives to achieve the necessary requirements with the available resources. WOW, Sight and Sound have different challenges that limit the functions of planning as a management tool. The organization carries out several types of planning, which faces barriers due to several factors and features of the company. Such plans are strategic, formal, operational, and intermediate. The primarily affected areas due to the limitations are the objectives, schedules, strategies, policies forecasting, budgets, rules, and programs of the WOW sight and sound. The analysis seeks to expound on the problems and limitations of planning that WOW sight and sound face.
Discussion
Based on the analysis, the primary limitation of planning in the Australian company is the dynamic and complex environment. The curb focusses on the analysis of the environment of the WOW organization, which acts as a barrier for an effective planning function. The general factors that enabled the WOW organization to perform a task based on environmental conditions such as technology and online competition. The organization lacks proper planning functioning gets displayed by the customer’s attitude and behavior. The technology advanced in many areas of the country that created a competitive atmosphere with other companies. It affects all types of planning strategies that get applied to the organization. It shows that the factor limited the company’s planning function, hence justifies the explained notion.
The other limitation is the reluctance to establish goals where the company portrays the notion due to the events happening in WOW. The company shows that there were no strategies set aside to implement the company’s goals and objectives. Also, the company had lack confidence, which leads to the growth of fear and failure through the selling of their website to G & M Direct 2 U Pty. It is when their sales and income of 2011 went down by 7.7 percent in the other previous years that further affected the other current years. The company also displays the notion by the huge debts they have twenty million dollars, which is a financial crisis of the business. The debts show that the company will face difficulties in achieving the functions of planning and had poor established goals in the business.