Corporate Planning Process

Question 1

Each step of the corporate planning process

Answer 1

1. Clarify vision
2. Gather and analyse internal and external information (PESTEL)
3. Formulate (produce) the corporate plan
4. Implement (put into action) the corporate plan
5. Monitor and control (measure) the corporate plan to check it is on track

Question 2

Corporate planning steps in order

Answer 2

Clarify vision
Gather and analyse info
Formulate a strategy
Implement a strategy
Evaluate and control