Insights Into Corporate Planning Challenges and Prospects

1. Insights Into Corporate Planning Challenges and Prospects All of us agree on the fact that corporate planning is an integral part of the corporate functioning and is the lifeblood of any organization, however, are we aware of the challenges and problems faced with corporate planning jobs in India.

2. Structural Policy Framework Managers do encounter problems while executing the corporate strategy process, they mainly pertain to lack of reliable, credible and adequate information coupled with poor structural policy framework.

3. Managerial Skills Lack of managerial skills, technical know-how, hinders the all important process, of corporate planning which covers each and every aspect of the organization and is indeed vital for the growth of the organization.

4. Reassess Goals Which brings us to the conclusion that managers always need to reassess, the set goals they are chasing, in the light of the actual performance of the laid down corporate plan over a given period of time.

5. Final Thoughts In order to ascertain whether the targets are being achieved, or the organization as a whole is getting closer to its objectives, an emergent approach in corporate planning needs to be implemented without much ado.

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