Best Answer

It is the process of drawing up detailed action plans to achieve an organization's goals and objectives, taking into account the resources of the organization and the environment within which it operates. Corporate planning represents a formal, structured approach to achieving objectives and to implementing the corporate strategy of an organization. Success of the Plan depends how best the resources (strength and weakness) of the organization and the environment (opportunity and threats) have been critically analysed. In addition, modification in action plans prepared based on feedbacks are the key for suscess

User Avatar

Wiki User

14y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

14y ago

it emphasis on manpoower developement, rational resources allocation, new product developement & lonf term investment.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the benefits of corporate planning to an organization?
Write your answer...
Still have questions?
magnify glass
Related questions

Are corporate missions the same as corporate goals?

corporate mission: Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people.corporate goals: the overall objectives of an entire organization

What kind of financial planning does CameronChase Ltd specialize in?

They offer personal financial services like tax planning, investments and pensions, and business finance services like corporate tax planning and employee benefits.

What is the difference between corporate planning and tax planning?

Corporate planning is planning made for your business while tax planning is minimizing the taxes you pay in a legal manner

What are the benefits of career planning for employees and organizations?

The benefits of career planning for employees and organizations include ensuring that staff are well equipped with up-to-date skills to handle the dynamic nature of the organization, and ensuring career growth.

What is the definition of a corporate sector organization?

The corporate sector organization is a place where the people have to meet the corporate delegates for their business purpose.

What was the first industry that used hierarchical corporate organization?

Railroads were the first to use hierarchical corporate organization...

What is planning and benefit of planning?

what is the benefits of planning

Why planning is important for the organization?

Planning is the key for an organization. planning makes the work easy to achive the target

Is there any different between corporate planning and strategic planning?


When did investment planning by corporate agencies originate?

The first record of investment planning by a corporate agency was by a company called Lincoln in 1958.

Where can one learn more about corporate planning?

One can go to various websites, such as Wiki Answers and learn about corporate planning. Corporate planning is when one corporation makes strategic action plans to create a desired outcome. The outcome is usually financial in nature, but, it does not have to be.

Difference between corporate planning and strategic planning?

Strategic planning is also known as business planning. This is the plan that the corporation comes up with, and the goals they would like to meet. Corporate planning refers to the strategies that will be followed by employees to help meet the corporation's goals.