Features of Planning
Planning is Primary function of management
The primary function of management is planning. We can not do anything without a plan. First, we create a plan. After that, we work to complete the plan.
Planning is Forward looking
We create a plan for the future. Planning is never done for the past. We create a plan after predicting the future. Planning also considers the past experience and current environment.
Planning is continuous
Plan is made for a time a week, a month, or a year. After the period over. Then, we need a new plan. that’s why planning is a continuous process.
Planning involves decision making
When we create a plan. We are actually making decision for future events. Choice from among various alternatives is difficult. The manager needs to make a decision for the firm.
Planning is pervasive
Planning is required at all level. From the top-level to lower level. It needs in every department of the firm.
Planning work for objectives
Planning is made for the fulfillment of firm objective. Planning has no meaning without firm objective.