What is nature and characteristics of planning?

Planning is a mental work basically concerned with thinking before doing. It is an intellectual process and involves creative thinking and imagination. Wherever planning is done, all activities are orderly undertaken as per plans rather than on the basis of guess work.

What are the 4 types of planning in management?

The 4 Types of Plans
  • Operational Planning. “Operational plans are about how things need to happen,” motivational leadership speaker Mack Story said at LinkedIn. …
  • Strategic Planning. “Strategic plans are all about why things need to happen,” Story said. …
  • Tactical Planning. …
  • Contingency Planning.

What are characteristics of management?

Ans: The characteristics of management are:
  • Goal-oriented.
  • Pervasive.
  • Multi-dimensional.
  • Continuous process.
  • Group activity.
  • Dynamic function.
  • Intangible force.

What are the 7 natures of planning?

7 Main Nature and Features of Planning in Business
  • (1) Planning Focuses on Achieving Objectives:
  • (2) Planning is Primary Function of Management:
  • (3) Planning is Pervasive:
  • (4) Planning is Continuous:
  • (5) Planning is Futuristic:
  • (6) Planning Involves Decision Making:
  • (7) Planning is a Mental Exercise:

What are the 3 levels of planning?

There are three major types of planning, which include operational, tactical and strategic planning.

What is the 6 importance of planning?


Planning involves the setting of goals and these predetermined goals are accomplished with the help of managerial functions like planning, organising, staffing, directing and controlling. Planning provides standards against which actual performance is measured.

What are benefits of planning?

Planning helps in reducing uncertainties of future as it involves anticipation of future events. Although future cannot be predicted with cent percent accuracy but planning helps management to anticipate future and prepare for risks by necessary provisions to meet unexpected turn of events.

What are the objectives of planning?

Here we detail about the six major objectives of planning in India, i.e., (a) Economic Growth, (b) Attaining Economic Equality and Social Justice, (c) Achieving Full Employment, (d) Attaining Economic Self-Reliance, (e) Modernisation of Various Sectors, and (f) Redressing Imbalances in the Economy.

What are the 5 types of planning?

Strategic, tactical, operational, and contingency planning fall within these five stages.
  • Develop the strategic plan. Steps in this initial stage include: …
  • Translate the strategic plan into tactical steps. …
  • Plan daily operations. …
  • Execute the plans. …
  • Monitor progress and adjust plans.

What are the 8 types of planning?

Planning Process
  • 2.1 1] Recognizing Need for Action.
  • 2.2 2] Setting Objectives.
  • 2.3 3] Developing Premises.
  • 2.4 4] Identifying Alternatives.
  • 2.5 5] Examining Alternate Course of Action.
  • 2.6 6] Selecting the Alternative.
  • 2.7 7] Formulating Supporting Plan.
  • 2.8 8] Implementation of the Plan.

What is planning and types of planning in management?

Planning is the process of deciding when, what, where and how to do a certain activity before starting to work. Various types of plans are- Operational, tactical and strategic plan, formal and informal plan, proactive and reactive plan and functional and Corporative plan.

What are 12 types of planning?

12 Types of Planning
  • Mission & Vision. Outlining your purpose and direction.
  • Goals. Deciding what you want to achieve.
  • Objectives. Objectives are steps that get you to your goals. …
  • Strategies. Methods for achieving objectives. …
  • Risk. Identifying and treating risks to your plans.
  • Tactical Planning. …
  • Contingency Planning.

What is importance planning?

By stating in advance how work is to be done, planning provides direction for action. Planning ensures that goals and objectives are clearly defined so that, they act as a guide for deciding what action should be taken and in which direction.