Professional Documents
Culture Documents
1821 Planning Intro
1821 Planning Intro
1821 Planning Intro
Nature/ Characteristics of
Planning
Nature of Planning Provides basic foundation from which all
future management functions arise. Goal oriented All
pervasive Intellectual exercise Continuous process Futuristic
Integrated Process
Establishment of objectives
Establishment of Planning Premises
Choice of alternative course of action
Formulation of derivative plans
Securing Co-operation
Follow up/Appraisal of plans
Significance of planning
Good and efficient planning can result in following
advantages:
Limitations of planning:
Sometimes planning fail to achieve desired results. The
causes are as below:
Rigidity
Misdirected Planning
Expensive
Time consuming
Probability in planning