Question

A good plan is

• A. expensive
• B. time consuming
• C. flexible
• D. rigid

Hint:

Remember the saying: "Plans are nothing; planning is everything." This highlights the importance of the planning process and the ability to adapt (flexibility) over slavishly following a rigid, outdated plan.

Answer 1

The Correct Option is C

Step 1: Understanding the Question:
The question asks to identify a key characteristic of a 'good' plan.
Step 2: Analysis of Options:
Let's analyze the attributes listed.

(A) expensive & (B) time consuming: While planning can sometimes be expensive and time-consuming, these are generally seen as costs or drawbacks to be minimized, not desirable qualities of a good plan. A good plan should be cost-effective and efficient.

(D) rigid: A rigid plan is one that cannot be changed easily. In a dynamic and uncertain business environment, rigidity is a major weakness, as the plan cannot adapt to unforeseen circumstances.

(C) flexible: A flexible plan is one that can be adjusted or adapted to changing conditions without being completely abandoned. This is a crucial quality because the future is unpredictable. Flexibility allows managers to respond to new opportunities or threats.

Step 3: Final Answer:
Flexibility is universally considered an essential characteristic of a good plan. Therefore, (C) is the correct answer.