Therefore, the scope of planning differs at various levels and among different departments. A manager can prepare sound plans only if he has sound judgement, foresight and imagination. These goals so formulated is concrete and remains unchanged as long as the predicated environment complies with the actual environment that materializes. organising, staffing, directing and controlling, as they are performed within the periphery of the plans made. No doubt, planning precedes other functions of … Planning is the first important function of management. In order to understand more about planning let’s look at some of the features of planning – When planning, you need to ensure that you predict on the possibilities for the future by which the organisation has to operate on. Jann Cain on August 12, 2019: I think time management is of the utmost importance in today's classroom. Features of Planning. Thus planning is an activity where goals are set, environmental studies are made, planning premises are considered and a plan is chalked out. Strategic Planning – Features. Schedule Quickly, Easily, and All … Tactical Planning Planning precedes other functions in the management process. 2. • Planning is the process of determining how the organization can get where it wants to go (Certo, 2000, p. 126). Planning is also continuous because the business environment is always dynamic hence need for ensuring that you remain cognizant of any imminent change and act on it immediately. I am a serial entrepreneur & I created Marketing91 because i wanted my readers to stay ahead in this hectic business world. This article throws light upon the top ten characteristics of good planning. These features cast enlightenment on its scope and nature. Planning identifies the action that would lead to desired goals quickly & economically. Required fields are marked *, Copyright © 2020 Marketing91 All Rights Reserved, 8 steps for the success of a marketing plan, SOAR analysis - Examples, Model, Concept, and Template, Difference between Strategy and Planning - Strategy versus Planning, Role of strategic planning in an organization, 7 simple reasons that justify the importance of planning, The Importance of Strategic Planning in an Organization, Tactical Planning - Definition, Importance, Characteristics And Strategy, 3 Main Types of Business Strategies Planning. The following are the salient features of strategic planning: 1. If used properly most of the components of a good lesson plan, are great tools for time management. Main features of planning are discussed below: 1. Planning should never be regarded as behaviour because it is its process that defines the actions to be carried out as a way of implementation. March 5, 2018 By Hitesh Bhasin Tagged With: Marketing strategy articles. The other functions, e.g., organising, staffing, directing and controlling come later. This is the base of other functions of management. When planning, you need to ensure that you predict on the possibilities for the future by which the organisation has to … Managers are a very import… With strategic planning, there’s an entire marathon between the starting blocks and the finish line. Planning is a Primary Function of Management. Planning is a process that has to necessarily adapt to changing times. There is no point of time when planning stops or is interrupted hence regarded as a constant process. The teacher must know in advance the subject-matter and mode of its delivery in the class-room. It has no meaning unless it contributes to the achievement of predetermined organisational goals. A manager is surrounded by no. ADVERTISEMENTS: History Lessons: Advantages and Features of Lesson Planning! Considering these assumptions and premises, a plan of action is formulated, for achieving the goal of the organization. Planning function begins with the setting up of the objectives, policies, procedures, methods and rules, etc. Planning is always based on goals, facts and considered estimates. This central planning authority is responsible to prepare different schemes of development and coordinating the various activities. Conversely, planning, as the name signifies, is the process of drafting plans for what should be done in future, and that too, is based on the present performance plus … Of course, the scope of planning may differ from one level to another. Planning leads to proper utilization of men, money, materials, methods and machines. Preview Use template. Certainly, setting of goals to be achieved and lines of action to be followed precedes the organization, direction, supervision and control. Planning is always done keeping the future in mind, however, the future is always uncertain. Planning is considered as the key component of the Directorate before any other functions like staffing, organising, controlling and directing. Strategic planning includes a high-level overview of the entire business. (ii) Planning is a Primary Function of Management PLanning is the primary or first function to be performed by every manager. It is also essential to understand the major features of planning that would make it possible for the organisation to thrive and grow and at the same time meet its goals and objectives. It provides sense of direction to various activities. 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. This planning will give the teacher idea of how to introduce the topic, how to develop the key concepts, […] Planning involves selecting missions and objectives and the actions to achieve them; it requires decision making, which is choosing from among alternative future courses of action. Planning precedes other functions in the management process. Planning is made to achieve desired objective of business. Planning is the primary function of business management. Planning leads to accompishment of objectives at the minimum possible cost. It is the groundwork for all future plans of the organization. Planning involves setting goals and determining the most economical and viable course of action to achieve the predetermined goals. He has to pick the best depending upon requirements & resources of the enterprises. Planning lays foundation for other functions of management. ccpho mpumza on August 13, 2019: it was useful thanks. Planning involves selection among the alternatives: it is a highly selective process in which all the alternatives … This primarily means that is future-oriented in the sense that it focuses majorly on the prospective outcomes which is an important feature of planning. Explicit purposes are placed out in the projects along with the ventures to be initiated to accomplish the goals. It is neither an exclusive function of top management nor of any particular department. Various other activities of Management, like, organization, direction, coordination, motivation, and control are carried out, only after this function. I love writing about the latest in marketing & advertising. ccpho mpumza on August 13, 2019: it was useful thanks. Characteristics of Planning Planning unlike the other functions of management is more of an intellectual process. The existence of a central planning authority is another feature of economic planning. Planning is the process by which managers establish goals and define the methods by which these goals are to be attained. Pervasive: Planning is mandatory at all levels of management as well as in all departments of the organisation. So, success or failure of the organization depends on the proper planning process of the management. An important aspect of planning is decision making - that is, choosing the right alternatives for the future course of action. Planning is a mental exercise involving creative thinking, sound judgement and imagination. Planning is a Primary Function of Management. Important components of a strategic plan are vision, mission and values. It is not a mere guesswork but a rotational thinking. i intend to write a complete article on marketing planning / plans. If used properly most of the components of a good lesson plan, are great tools for time management. Really, i found it very interesting and I will be using it properly in planning my lesson. Possible changes in legal framework revolving around social, economic and technological aspects need to consider since the essence of planning is ensuring that future elements are put in mind for attaining the set objectives. Planning bridges the gap between where the organization currently find itself and where it wishes to be. The central authority has to ensure production of raw materials and intermediary goods in right proportions so as to realize plan targets. Objectives, policies, procedures, methods and rules, etc analysisshould be done process of the utmost in.: Advantages and features of planning differs at various levels and among different departments and controlling, as features of planning leading. And remains unchanged as long as the key component of the components of a good lesson plan, are tools... And trend planning and planning system under economic development planning know what is. 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