What is corporate planning process?

What is corporate planning process?
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