Key Characteristics of Effective Management Plans
Learn about the important characteristics that define a good management plan, including clear objectives, proper understanding, comprehensiveness, flexibility, and economy. A well-crafted plan is essential for achieving organizational goals and ensuring successful implementation.
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Presentation Transcript
Characteristics of a good plan in management
The managers are involved in the process of planning with a view to achieve the goals ofthe organization. A plan can be considered as a good plan if it is capable of helping themanagers in achieving the organizational goals. Therefore, there are certaincharacteristics that should be a part of any good plan
Clear objective: The first requirement of a good plan is that it should be based on theobjectives that have been clearly defined. As mentioned above, the process of planning isused for achieving the goals of the organization. But if these goals have not been definedclearly, it may result in chaos and confusion. Therefore it is very important that theorganizational objectives should be defined clearly and they should be accurate, conciseand definite.
Proper understanding A plan can only be implemented effectively if the persons who have the responsibility of executing the plan have a proper understanding of the plan. On the other hand if these persons are not capable of following the plan properly or if they do not really understand the ways in which the plan has to be undertaken, it is very difficult for these programs to effectively implement the very important thatthe plan should be conveyed to all the persons properly and at the same time, clarifications should also be given if needed. Therefore, another characteristic of a good plan is that it should be properly understood by all the persons who have the responsibility to implement such a plan. plan. Therefore, it is
Comprehensive Another characteristic of a good plan is that it should be able to coverall the aspects of the business so that the objectives can be achieved properly. Thedifferent parts of the plan should fit together and the purpose as well as the timing of theplan should be arranged in such a way so that the necessary coordination can be achieved.
Flexibility It is a good plan is also required to be flexible so that it can deal with any changesthat may arise in the future. It is not possible to predict the future with accuracy andtherefore there are always chances that such changes may take place in future that mayhave an influence on the effectiveness of the plan. Therefore, a flexible plan is capable ofdealing with these changes and makes adjustments accordingly. It is very important thatthe plan is broad enough to accommodate any changes that may arise compromising the main objectives of the plan. in the future without
Economical Its another characteristic of a good plan is that it should be economical andthe cost that has been incurred by the organization in making and executing the planneeds to be considered for this purpose. It is very important that a good plan is aseconomical as possible, keeping in view the resources that are available with theorganization.
