The increased accuracy requirements, more dynamic battlefield tactics of modern warfare, arbitrary and unpredictable nature of target maneuverability render classical guidance laws (such as proportional navigation) unsatisfactory in many applications. The solution involves a critical comparison between our current modern approach and the classical approach to missile guidance and control. Single plane analysis is used throughout and simulation result shows that even an accelerating target can be intercepted with shorter miss distance and less time duration for homing in spite of the dynamic lags in the target tracker and the missile dynamics.