'Planning is not a solution to all problems'. Planning is not a useless exercise despite its limitations.' Which of these statements is correct. Justify.

Both the statements are correct in their own way.
Planning is not a solution to all problems as planning has its own limitations that hinder the accomplishment of all the objectives of an organisation. ​Limitations of planning are covered in our NCERT solutions. You can refer to the same following the below mentioned link.
https://www.meritnation.com/cbse/class12-commerce/ncert-solutions/business-studies/principles-and-functions-of-management/planning/page111-Long-Answers-qno1/682_3722_30356/why-is-it-that-organisations-are-not-always-able-to

Planning is not a useless exercise despite its limitations as it is plays very significant, basic and essential function in an organisation.​ ​Importance of planning is covered in our NCERT solutions. You can refer to the same following the below mentioned link.​
https://www.meritnation.com/cbse/class12-commerce/ncert-solutions/business-studies/principles-and-functions-of-management----ncert-solution/planning/page111-long-answers-qno4/1381_3722_30353/is-planning-actually-worth-the-huge-costs-involved
 

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