Polaris Plans New Facility in Mumbai IT Company Polaris Software Labis planning a new facility in Mumbai with a capacity for 800 professionals. The company currently has 1,200 professionals across its three centers in Mumbai, and the new facility is expected to come up in the next six months. Polaris chairman and CEO said that the company was well on the track to meet its earlier announcement to increase the headcount by 1,500-2,000 professionals in the current year to reach the 9,000 mark by March 2007. We will look at acquisition of small boutique consulting companies that are focused on banking, financial services and insurance (BFSI) space. This will strengthen customer service and account management capabilities.
Enumerate the main features of this function

Explanation

The main features of planning are
(i)it is the primary function of management
(ii) It focuses on achieving objectives
(iii) Planning is pervasive
(iv) Planning is continuous
(v) Planning is futuristic
(vi) Planning involves decision making
(vii) Planning is a mental exercise