Final answer:
Strategic planning in a multidivisional corporation should be a formal and sophisticated system that integrates regional and organizational planning, with an emphasis on transparency, legal flexibility, teamwork, and relationship building.
Step-by-step explanation:
Strategic planning in a multidivisional corporation should be a formalized and sophisticated system. This allows the company to integrate various aspects of planning such as regional effects, organizational structure, accessible information on company's metrics and understanding the role of management within the organization. Contemporary corporate strategies tend to encourage flatter organizational structures that foster teamwork, clearly defined roles and responsibilities, and open communication channels across all levels of employees. As corporations grow and their strategies become more complex, information transparency regarding products, revenues, costs, and profits increases, which attracts investors and decreases the necessity for them to have a personal understanding of the management team. A well-structured strategic plan should also consider the impact and interplay of social and ecological processes, providing the necessary legal flexibility and recognizing the potential inadequacy of hybrid management systems. It's important for strategic plans to not only focus on the delineation of management roles, but also on employee integration and building relationships within and across divisions, which reinforces the significance of teamwork and collaboration, contributing to a stronger and more cohesive corporate culture.