Insights Into Corporate Planning Challenges and Prospects

All of us agree on the fact that corporate planning is an integral part of thecorporate functioning and is the lifeblood of any organization, however, arewe aware of the challenges and problems faced with corporate planning jobsin India.

Structural Policy Framework

Managers do encounterproblems while executingthe corporate strategyprocess, they mainlypertain to lack of reliable,credible and adequateinformation coupled withpoor structural policyframework.

Managerial Skills

Lack of managerial skills,technical know-how, hindersthe all important process,of corporate planning whichcovers each and everyaspect of the organizationand is indeed vital for thegrowth of the organization.

Reassess Goals

Which brings us to theconclusion that managersalways need to reassess, theset goals they are chasing, inthe light of the actualperformance of the laiddown corporate plan over agiven period of time.

Final Thoughts

In order to ascertain whether the targets are beingachieved, or the organization as a whole is getting closerto its objectives, an emergent approach in corporateplanning needs to be implemented without much ado.

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