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Planning Features (1.Leads to Efficiency and Economy (main aim (every…
Planning Features
1.Leads to Efficiency and Economy
main aim
every managerial
function.
Planning also
aim bring
efficiency in
Utilisation
various factors
production.
Planning directed
towards using
resources efficiently
economically
result
be achieved
more than
Input employed.
2. pervasive Function
Planning
is a function
be performed
by all manager
right from
top level to
lowest level.
with difference
degree
scope of
Importance.
3. Selective Process
Planning involves
selecting
best alternative
out of available
ones.
Planning
choice making
approach.
Planning evaluates
alternative
in light
resources
&finally
decide
suitable line
of action
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4. Realistic Approach to Problems.
After throughly
Studying
feasibility of
project
Objectives
are laid down
to reduce
chance of failure
Planning
Studies Problem
such a manner
Impossible alternatives
rejected
turned down.
6. Flexibility
Future activity
based on certain
assumptions
but uncertainty
of future
turn down
assumptions.
must be
some flexibility
plans so
plans can changed
according situations.
Planning
not static.
5. Continuous Process
Planning
be Performed
continuously
Every second
business environment
changing
meet challenges
of changing environment
needs
continuous amendments
Plants.