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