Mere planning is not planning, making good planning is planning because planning is done to achieve the goal. Planning is a very important function of management because all the activities of the business are done according to planning. A good management always makes a plan before doing any work so that the objective can be achieved systematically.
A good planning helps in achieving the goals systematically and smoothly, similarly bad planning creates obstacles in achieving the goals. Therefore, management makes every planning very carefully, a little mistake in planning creates big problems.
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Features of a Good Planning
Following are the features of a good planning:
1. Clear:
A good planning is always clear about the objective. Foa a good planning, planning should be clearly based on objectives and should not mention anything other than the objectives.
The clearer the planning is about the objective, the better it will be for the business because a good planning helps the business to achieve the goal systematically and smoothly.
2. Concise:
A good planning should be concise because long planning is difficult to understand. The conciseness of planning helps the management to understand the objectives of planning. Planning is implemented better only when the management clearly understands planning and its objectives.
3. Complete:
A good planning is always complete because, in a good planning, all the facts related to the objectives are mentioned. If anything is missing in planning, then that planning is not called a good plan. A good management always tries to make planning perfect.
4. Understandable:
A good planning is always understandable as it is made user-friendly. To make a good planning, the planning should always use the terms used by the user because ultimately the planning will be executed by the management of the business.
5. Flexible:
Business is completely surrounded by unexpected events so a good planning is always flexible as it can be modified accordingly. If the planning is not flexible, it cannot be amended in case of unexpected events.
6. Economical:
A good planning is always economical because it provides all the possible ways to make the planning economical. Reducing the business expenses is also a part of planning.
7. Realistic:
A good planning is always realistic because a plannig is meaningful only when it can be implemented in reality. If the planning is not meaningful then making a planning is a waste of time and money.
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QNA/FAQ
Q1. Is conciseness a feature of a good plan?
Ans: Yes, conciseness is a feature of a good plan as it makes the plan easier to understand
Q2. Why should the planning be clear?
Ans: For better understanding and usage.
Q3. Is flexibility a feature of a good plan?
Ans: Yes, flexibility is the feature of a good plan as business is completely surrounded by unexpected events hence the plan is also made flexible so that it can be changed accordingly.
Q4. Why should the plan be realistic?
Ans: Planning should always be realistic so that achieving the goal becomes easier.
Q5. Write the features of a good planning.
Ans: Following are the features of a good planning:
1. Clear
2. Concise
3. Complete
4. Understandable
5. Flexible
6. Economical
7. Realistic
