It is an intellectual process. Planning is a process where a number of steps are to be taken to decide the future course of action. Planning is made to achieve desired objective of business. Main Nature or Characteristics of Planning! Planning is the flexible function of management because changes are made in it, according to circumstances. It’s not meant to be a static document put on the shelf or printed with a pretty, glossy cover. Focus on objectives. 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. The main characteristics or nature of planning is given below: ADVERTISEMENTS: Planning is an Intellectual Process. 2. Nature or Characteristics of Planning. Planning is not only the base for the rest of the management functions i.e. 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 meant to be the document that makes the vision a … staffing, directing, organizing, and controlling, but it is also one of the most crucial processes for any organization to meet goals. If a manager wants to make a plan, then it will have to do research on past, present, and future environmental conditions. Planning is regarded as a measurement of the ability, efficiency, and skills of the managers. It provides sense of direction to various activities. Planning is a noble but underappreciated profession. Sustainability means that there should be a balance between people and resources. Use of resources in such a way that the environment should not Arthur A. Thompson and A. J. Strickland have described four basic approaches to formal strategic planning: 1. 2. Planning is goal-oriented. 1. It is a process of deciding the future on the series of events to follow. Characteristics/Nature Of Planning 1. Planners perform civilization’s heavy lifting by … Bottom-Up Approach: Initiatives in formulating strategy are taken by the various units or divisions of an organization … The following are the important characteristics of planning: 1. The following are the important characteristics of planning: 1. Six characteristics of successful strategic plans Published on January 22, 2016 January 22, ... After 20 years of facilitating strategic planning for … Planning identifies the action that would lead to desired goals quickly & economically. It is an intellectual process. Thus, now you know the nature and characteristics of planning in business. A plan starts with the setting of objectives and then makes efforts to realise them by developing policies, procedures, strategies, etc. Basic and Important Management Function. The plans framed by top level manager may differ from the plans formed by middle and lower level managers. Strategic Planning – Approaches . The other important task of the leader is to put an effective plan into place to achieve the vision. 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. Functions of planning are that of a guide. Strategic planning is the plan that’s put into place. Read More: Planners help communities create their preferred future – good planning makes progress toward paradise while bad planning leaves a legacy of problems and disputes. Focus on objectives. Planning is an intellectual process of thinking in advance. 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