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.

6
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