Planning and Organizing: Importance and Features of Planning

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Importance of Planning

  • Reduces uncertainty, risk and confusion in operation.

  • Guides the decision making by the managers.

  • Helps in achieving coordination and facilitates control.

  • Planning with an element of flexibility makes the organization adaptable.

  • Leads to economy and efficiency in operations.

  • Best methods are selected thus, reducing overlapping and wasteful activities.

  • Keep the executive alive and alert.

  • To review the progress periodically and recast their strategies to meet the objectives.

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Image shows the importance of planning

Features of Planning

  • Primary function of management: As every activity needs to be planned before it is actually performed.

  • Goal directed: A manager cannot plan anything unless he knows what he wants to achieve.

  • Example: you cannot plan for a journey unless you know where you want to go.

  • Management pervasive at all levels and also for all functional area.

  • Always futuristic: Deciding in advance what to do, how to do, etc. While planning for the future, it does take past experience and current situation into consideration.

  • An intellectual activity: An intellectual activity and requires certain conceptual skills to look ahead into the future.

  • Continuous process: In organizations plans are made for a specific period followed by new plans for further period. Sometimes circumstance change requiring the plans to be revised.

  • Making choices: Basically, involves making choices. Need for planning arises when goals are many and alternatives to achieve them are also plenty.

  • Flexible: Plan has to be changed in accordance with the changed conditions. Activities are planned with certain assumptions.

Image of the Features of Planning

Image Shows the Features of Planning

Image of the Features of Planning

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