Write Short Notes on the following: Nature of Planning.

Write Short Notes on the following:

Nature of Planning.

ANSWER:

Characteristics of planning:

i. Objective oriented - Plans must be formulated keeping in view specific goals and objectives of the organisation. The management should ensure that the plans are purposeful.

ii. Stepping stone - Planning forms the base for all other functions of management such as organising, directing and staffing. The functions of management are performed as per the set goals and objectives stated under planning.

iii. Pervasive - Planning must be done at all levels of the organisation. However, its scope differs along the various dimensions of the business concerned.

iv. Continuous - Planning is a continuous process, as after the implementation of a plan, the need for the formulation of the next plan arises, keeping in view new objectives and goals.

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