Business Studies, asked by ganesh6792, 11 months ago

a vyadu అనగా సమ! వారిశ్రామికకరణను ప్రభావితం చేసే అంశాలు !
.. What is Planning? Explain the characteristics of Planning
ప్రణాళికీకరణ అనగా నేమి? ప్రణాళికీకరణ లక్షణాలను వివరింపుము
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Answers

Answered by pinky162
2

Explanation:

Definition:

Planning is the fundamental management function, which involves deciding beforehand, what is to be done, when is it to be done, how it is to be done and who is going to do it. It is an intellectual process which lays down an organisation’s objectives and develops various courses of action, by which the organisation can achieve those objectives. It chalks out exactly, how to attain a specific goal.

Characteristics of Planning

1. Planning is goal-oriented.

  • Planning is made to achieve desired objective of business.
  • The goals established should general acceptance otherwise individual efforts & energies will go misguided and misdirected.
  • Planning identifies the action that would lead to desired goals quickly & economically.
  • It provides sense of direction to various activities. E.g. Maruti Udhyog is trying to capture once again Indian Car Market by launching diesel models

2.Planning is looking ahead.

  • Planning is done for future.
  • It requires peeping in future, analyzing it and predicting it.
  • Thus planning is based on forecasting.
  • A plan is a synthesis of forecast.
  • It is a mental predisposition for things to happen in future.

3.Planning is an intellectual process.

  • Planning is a mental exercise involving creative thinking, sound judgement and imagination.
  • It is not a mere guesswork but a rotational thinking.
  • A manager can prepare sound plans only if he has sound judgement, foresight and imagination.
  • Planning is always based on goals, facts and considered estimates.

I hope this is help you..

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