GENERAL KNOWLEDGE

Detailed explanation-1: -Corporate Strategic Planning is a companywide approach at the business unit and corporate level for developing strategic plans to achieve a longer-term vision. The process includes defining the corporate strategic goals and intentions at the top and cascading them through each level of the organization.

Detailed explanation-2: -A corporate plan is similar to a strategic plan, but the difference is that a corporate plan guides a more complex company with multiple business units or subsidiaries. It describes where the overall business is headed and outlines a roadmap to get there.

Detailed explanation-3: -Planning for the company as a whole is known as corporate planning. It lays down objectives, strategies and policies for the entire organisation. It is also known as strategic planning.

Detailed explanation-4: -The task of the corporate-planning staff is not only to prepare short-to long-range corporate plans using strategic intelligence, but also to monitor current results against these plans. If necessary, the corporate-planning staff should provide feedback to top management when targeted plans are not being met.

Detailed explanation-5: -#1 – Information. #2 – Objectives & Strategies. #3 – Devising a Plan of Action. #4 – Implementation. #5 – Monitoring. #6 – Evaluation. #1 – Tactical Planning. #2 – Contingency Planning. More items