Planning identifies the action that would lead to desired goals quickly & economically. Sustainability means that there should be a balance between people and resources. Characteristics/Nature Of Planning 1. Functions of planning are that of a guide. It provides sense of direction to various activities. The goals established should general acceptance otherwise individual efforts & energies will go misguided and misdirected. Planning is the flexible function of management because changes are made in it, according to circumstances. If a manager wants to make a plan, then it will have to do research on past, present, and future environmental conditions. Planning is made to achieve desired objective of business. staffing, directing, organizing, and controlling, but it is also one of the most crucial processes for any organization to meet goals. Strategic Planning – Approaches . The other important task of the leader is to put an effective plan into place to achieve the vision. Planning is not only the base for the rest of the management functions i.e. Basic and Important Management Function. The main characteristics or nature of planning is given below: ADVERTISEMENTS: Planning is an Intellectual Process. Planning is goal-oriented. Bottom-Up Approach: Initiatives in formulating strategy are taken by the various units or divisions of an organization … 2. A plan starts with the setting of objectives and then makes efforts to realize them by developing policies, procedures, strategies, etc. Focus on objectives. Main Nature or Characteristics of Planning! Focus on objectives. Planning is a process where a number of steps are to be taken to decide the future course of action. Nature or Characteristics of Planning. It is an intellectual process. The following are the important characteristics of planning: 1. Planners help communities create their preferred future – good planning makes progress toward paradise while bad planning leaves a legacy of problems and disputes. Use of resources in such a way that the environment should not There are six characteristics of planning which are of prime importance: The use of available resources as economical as possible, so as to achieve the greater possible measures of improvement within limited resources. It’s not meant to be a static document put on the shelf or printed with a pretty, glossy cover. Six characteristics of successful strategic plans Published on January 22, 2016 January 22, ... After 20 years of facilitating strategic planning for … Planning is a noble but underappreciated profession. 2. Planners perform civilization’s heavy lifting by … It is an intellectual process. It is a process of deciding the future on the series of events to follow. 1. The characteristics of planning in management or in an organization include various points such as:-(i) Intellectual process or activity-It is a complex process. Characteristics of Planning includes Planning is a Primary Function of Management, Thinking and intellectual process, Planning is a continuous process, Pervasiveness of planning, Based on facts, Goal oriented/ future oriented, Coordination and Others. Planning is an intellectual process of thinking in advance. Thus, now you know the nature and characteristics of planning in business. Planning is a pervasive function which means it is not the task of top level managers only but managers working at different levels perform planning function. Read More: A plan starts with the setting of objectives and then makes efforts to realise them by developing policies, procedures, strategies, etc. Strategic planning is the plan that’s put into place. The following are the important characteristics of planning: 1. 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