1. Planning focuses on achieving objectives:
Planning has no meaning unless it contributes to the achievement of
predetermined organizational goals.
2. Planning is a primary function of management:
Planning lays down the base for other functions of management. Planning
precedes other functions.
3. Planning is pervasive:
Planning is required at all levels of management as well as in all departments
of the organization. It is not an exclusive function of top management.
4. Planning is futuristic:
Planning essentially involves looking ahead and preparing for the future.
5. Planning involves decision making:
Planning essentially involves choice from among various alternatives and
activities. If there is only one possible course of action, there is no need for
planning because there is no choice.
6. Planning is a mental exercise:
Planning requires application of the mind involving requires foresight,
intelligent imagination and sound judgement.
7. Planning is continuous:
Plans are prepared for a specific period of time may be for a month, a
quarter, or a year. At the end of that period there is need for a new plan to
be drawn on the basis of new requirements and future conditions. Hence,
planning is a continuous process.