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