Characteristics Of Planning

What is Characteristics Of Planning? The below diagram explains Characteristics Of Planning. This chart shows an important concept or a framework to help one run their business, improve company's strategy, internal processs, enhance project management, technology, and client experience.

Characteristics Of Planning

Planning is a crucial function of management that involves setting goals, identifying resources, and determining the steps required to achieve those goals. Here are some of the key characteristics of planning:

1. Goal-oriented: Planning is always directed towards achieving a specific goal or objective. The goals established should have general acceptance, otherwise individual efforts and energies will go misguided and misdirected .

2. Future-oriented: Planning is done for the future. It requires peeping into the future, analyzing it, and predicting it. Thus, planning is based on forecasting. A plan is a synthesis of forecast. It is a mental predisposition for things to happen in the future .

3. Intellectual process: Planning is an intellectual process that involves creative thinking, sound judgment, and imagination. It is not mere guesswork but rotational thinking. A manager can prepare sound plans only if he has sound judgment, foresight, and imagination .

4. Continuous process: Planning is a never-ending function due to the dynamic business environment. Plans are also prepared for a specific period of time, and at the end of that period, plans are subjected to revaluation and review in the light of new requirements and changing conditions. Planning never comes to an end till the enterprise exists. Issues and problems may keep cropping up, and they have to be tackled by planning effectively .

5. All-pervasive: Planning is required at all levels of management and in all departments of the enterprise. Of course, the scope of planning may differ from one level to another. The top level may be more concerned about planning the organization as a whole, whereas the middle level may be more specific in departmental plans, and the lower level plans implementation of the same .

6. Primary function: Planning lays the foundation for other functions of management. It serves as a guide for organizing, staffing, directing, and controlling. All the functions of management are performed within the framework of plans laid out. Therefore, planning is the basic or fundamental function of management .

7. Pervasive activity: Planning leads to the accomplishment of objectives at the minimum possible cost. It avoids wastage of resources and ensures adequate and optimum utilization of resources. A plan is worthless or useless if it does not value the cost incurred on it .

8. Flexibility: Planning essentially involves choice among various alternatives. Therefore, if there is only one possible course of action, there is no need for planning because there is no choice. Thus, decision-making is an integral part of planning. A manager is surrounded by a number of alternatives. He has to pick the best depending upon the requirements and resources of the enterprise .