Quick Answer: What Are Features Of Planning?

What is planning and its features?

Features of Planning.

(1) Primary Function.

Planning precedes other function because it lays down the base for all other functions of management.

All other management functions like organising, staffing, directing and controlling are performed within the framework of the plans drawn..

What are the 5 steps of planning?

The 5 Steps of the Strategic Planning ProcessDetermine your strategic position.Prioritize your objectives.Develop a strategic plan.Execute and manage your plan.Review and revise the plan.

Which is not the features of planning?

Planning is time consuming is not a feature of planning. And planning is pervasive and futuristic and multidimensional and continuous and dynamic function and process and intangible is a feature of planning.

What are the objectives of planning?

The most fundamental objective of planning is to alter the pattern of resources use and, if possible, to intensify such use in such a fashion as to achieve certain socially desirable goals.

What are the features of a good plan?

9 Basic Features of a Good Plan – Explained!It should define objectives:It should be simple:It should be clear:It should be comprehensive:It should be flexible:It should be economical:It should establish standards:It should be balanced:More items…

What are the 5 steps in the planning process?

The Planning Process: Five Essential StepsStep 1 – Establish Your Objectives. To navigate the road to retirement, you must first map out your destination. … Step 2 – Determine Your Investment Style. … Step 3 – Evaluate Investments. … Step 4 – Choose an Appropriate Investment Plan. … Step 5 – Execute and Periodically Examine the Plan.

What is planning and its process?

Planning is the process of thinking about the activities required to achieve a desired goal. It is the first and foremost activity to achieve desired results. It involves the creation and maintenance of a plan, such as psychological aspects that require conceptual skills.

What are the 6 steps in the planning process?

The six steps are:Step 1 – Identifying problems and opportunities.Step 2 – Inventorying and forecasting conditions.Step 3 – Formulating alternative plans.Step 4 – Evaluating alternative plans.Step 5 – Comparing alternative plans.Step 6 – Selecting a plan.

What is the planning function?

Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives. Planning requires that managers be aware of environmental conditions facing their organization and forecast future conditions. … Planning is a process consisting of several steps.

What are the 4 types of planning?

The 4 Types of PlansOperational Planning. “Operational plans are about how things need to happen,” motivational leadership speaker Mack Story said at LinkedIn. … Strategic Planning. “Strategic plans are all about why things need to happen,” Story said. … Tactical Planning. … Contingency Planning.

What are the steps of planning?

Stages in the Planning CycleDefine objectives. The first, and most crucial, step in the planning process is to determine what is to be accomplished during the planning period. … Develop premises. … Evaluate alternatives. … Identify resources. … Plan and implement tasks. … Determine tracking and evaluation methods.

What is the important of planning?

Planning is essential both personally and professionally. It helps us achieve our goals, and allows for more efficient use of time and other resources. Planning means analyzing and studying the objectives, as well as the way in which we will achieve them.

What are the benefits of planning?

Benefits of PlanningPlanning provides a guide for action. Plans can direct everyone’s actions toward desired outcomes. … Planning improves resource utilization. … Plans provide motivation and commitment. … Plans set performance standards. … Planning allows flexibility.

What are the three major types of planning?

There are three major types of planning, which include operational, tactical and strategic planning.