2. MEANING OF PLANNING
Planning is the process of thinking before doing.
Planning means deciding in advance what is to
be done, when is to be done and by whom it
is to be done.
3. FEATURES OF PLANNING
• Goal oriented
Every organisation has certain
goals to be fulfilled. The steps to be followed
to achieve these objectives are designed in
planning.
4. • Primacy of planning
planning is the first
function of management. It lays the
foundation for other managerial functions.
5. • Pervasiveness
planning is the function of each
and every manager irrespective of the level of
management.
6. • Flexibility
plans are prepared in anticipation of
future events. plans must be flexible so as to
accommodate future changes.
7. • Continuous process
planning is an on going
and dynamic process. Plans are prepared for a
specific period.
8. • Forward looking
planning involves looking
ahead and preparing for the future to achieve
certain objective.
