The essentials of an Effective Planning

Category: Bank
Posted on: Monday, September 18, 2017

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Planning or a plan can be more effective if the following factors are taken into consideration:-

(i) Well Defined Objectives

(ii) Simple and Easy to Understand

(iii) Comprehensive (Cover each and every aspect)

(iv) Flexible (Capable of being modified)

(v) Balanced (Balance between objectives and resources)

(vi) Economical

(vii) Stable

(viii) Continuity

(ix) Unity (Operate under one overall plan)

(x) Consistency

(xi) Written

(xii) Practicable

(xiii) Logical and Rational

(xiv) Accountability for Implementation