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Corporate Level of Planning - Coggle Diagram
Corporate Level of Planning
Purpose
Helps prepare the resources you need to deliver your objectives
Enables to make workable plans to deliver the value to the customers.
Types
Initiation Plans
"Start-up Plans"
Strategic Plans
These plans help the company apportion their resources most optimally.
Financial Plans
These plans are made to analyze how best the organization must utilize its money.
Growth Plans
These plans are made whenever the organization has an idea of diversifying into newer territories of trade.
Human Resource Plans
These plans help the company allocate its manpower in the most ideal manner.
Internal Plans
These plans are specific to each department in the organization.
Example
building on the diversification
R&D: Redesign product. Marketing: Implement new advertising plan.
Production: Make changes to existing infrastructure.
Forward or backward integration
Objectives
Setting a strategy
Planning the operations
Monitoring and Control
Review
Definition
act of creating a long-term plan to improve your business
A comprehensive planning system that includes the establishment of goals for the company as a whole and for each department within it, as well as the development of strategies to achieve these goals.
Action taken to gain a competitive advantage through the selection and management of a mix of businesses competing in several industries or product markets.
Elements
Device Strategies to make goals
Set objectives to the plan.
Gathering Information :
Implement the Plan
Monitor plan Performance.
Evaluate the Success of the Plan