Characteristics, Steps and Components of Planning

 

        Planning bridges the gap from where we want to go. It makes possible for things to occur while would not otherwise happen.” – Koontz and o’ Donnell.

        Planning is selecting information and making assumptions regarding the future to formulated activities necessary to achieve organizational objectives.” – Terry and Franklin.

        “The plan of action is, at one and the same time the result envisaged, the line of action to be followed the stages to go through and the methods to use.” – Henri Fayol.

Characteristics, Steps and Components of Planning 

• S = Specific
• M = Measurable
• A = Achievable
• R = Realistic
• T = Timing

Steps of Planning

• Set Objectives
• Stabilised Planning Premises
• Searching Alternative 
• Evaluating the Alternatives
• Select the most Appropriate Alternative
• Implement the Plan
• Follow the Action   

Components of Planning

1. Objectives
2. Strategy
3. Policy
4. Procedure
5. Methods
6. Rules
7. Standards
8. Programs
9. Schedule
10. Budget
11. Project
12. Tactics