State any four characteristics of planning.
Ans.
Four characteristics of planning are:
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Forward-Looking:
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Planning involves setting future goals and objectives, anticipating potential challenges, and developing strategies to achieve desired outcomes.
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It focuses on forecasting and envisioning the organization’s future direction, guiding decision-making processes accordingly.
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Goal-Oriented:
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Planning is centered around establishing specific, measurable, achievable, relevant, and time-bound (SMART) goals.
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It identifies the desired outcomes or results that the organization aims to accomplish and outlines the steps needed to attain them.
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Flexible:
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Planning recognizes the dynamic and uncertain nature of the business environment.
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It allows for adjustments and modifications to plans in response to changing circumstances, new information, or unexpected events, ensuring adaptability and resilience.
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Integrated:
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Planning involves coordinating and aligning various organizational activities, resources, and functions towards common objectives.
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It integrates different departments, teams, and levels of the organization to ensure coherence and synergy in the pursuit of goals.
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