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Corporate Plan 201920National leadership on education, skills and employmentCorporate Plans are a requirement under paragraph 35(1)(b) of the Public Governance, Performance and Accountability Act
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Start by identifying the goals and objectives of the department within the overall corporate strategy.
02
Conduct a SWOT analysis to assess the department's strengths, weaknesses, opportunities, and threats.
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Define key performance indicators (KPIs) to measure the department's success in meeting its objectives.
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Develop strategies and action plans to address any gaps or leverage opportunities identified in the SWOT analysis.
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Assign responsibilities and timelines for each strategy and action plan.
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Monitor progress regularly and adjust the corporate plan as needed to ensure alignment with changing business conditions.

Who needs corporate plan - department?

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Department heads and managers who are responsible for guiding the operations and performance of their respective departments.
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Senior management and executives who need to oversee the overall corporate strategy and ensure alignment with departmental plans.
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Shareholders, investors, and other stakeholders who require transparency and accountability in the organization's strategic direction.
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A corporate plan for a department is a strategic document that outlines the department's goals, objectives, and the methods to achieve them over a specific period. It typically includes financial projections and resource allocations.
Typically, the heads of departments or those in charge of corporate governance are required to file the corporate plan. This may include department directors, managers, or designated officials.
To fill out a corporate plan, departments should gather relevant data on their goals, resources, timelines, and financial projections. They should clearly outline strategies, objectives, and performance metrics in a structured format.
The purpose of a corporate plan is to provide a clear roadmap for the department's direction, facilitate decision-making, align resources with strategic goals, and ensure accountability for performance.
A corporate plan must report on departmental objectives, strategies, financial forecasts, resource needs, risk assessments, and key performance indicators.
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