Horti-Business Management (2+0)

Characteristics of effective plans

• Plan must have specific goals and objectives, which could be achievable, may be with some additional efforts. Irrationally high targets will demoralize employees or low targets will not inspire employees to contribute the best for the organization.
• Planning is for the future. So assumptions have to be made about the expected rainfall, water availability, financial resources, expected prices of crop produce after harvest, government policies etc. The assumptions have to be realistic to the maximum extent possible so that planning will be more realistic. Hence the effectiveness of a plan to a large extent depends on the assumptions made about future events.
• Plan must integrate all the departments / divisions in the firm. All the employees at levels of hierarchy in the firm work towards achieving the goals of the firm. While preparing the plan, care must be taken to effectively integrate all the departments and employees so as to maximize efficiency.
• Plan must be simple and flexible. Unexpected events may occur while implementing the plan. Under such circumstances plan should be flexible to accommodate midterm corrections.