Question

what is corporate planning?

what is strategic planning?

what is tactical planning?

Answer 1

corporate planning:

Corporate planning is described as the process of making a long term plan through which business can be improved. It is important to mention that through a corporate plan one can analyze the capabilities of a business and how the strategies will be laid out. Furthermore, corporate planning also takes into account the ways that can be used to meet objectives and improve their existing abilities.

strategic planning:

Strategic planning is described as a process of establishing and documenting a business which small in scale and it assesses where and how the business will be established and how it will be managed. It is important to mention that strategic plan acts as a record that house the values, vision and mission, long term goals and the plans through objectives can be achieved.

tactical planning:

Tactical planning is described as the planning process that takes place after an individual, team or business has created a strategic plan. Tactical planning outlines the objectives and goals and must be considered to achieve the objective through the implementation of a strategic plan.