Planning cycle steps

Planning cycle steps

1. The planning cycle often begins with the review at the corporate level of the overall competitive environment and of the corporate guidelines to the various divisions and business.
2. Then, divisions and business units are asked to update their long-term strategies and indicate how these strategies fit with the company’s major priorities and goals.
3. After that, divisional and business unit plans are reviewed, evaluated, adjusted, coordinated, and integrated in meeting between corporate and division/ business unit managers.
4. Finally, detailed operating plans are developed at the divisional/ business units level, and final approvals are obtained from corporate headquarters. 

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