The main factor causing the transition from corporate planning to strategic management was the increasing inability of companies to forecast economic conditions four or five years into the future.

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The inability to forecast economic conditions four or five years into the future was a major factor that led to the shift from corporate planning to strategic management. This is because strategic management focuses on agility, flexibility, and adaptability to changing market conditions, while corporate planning was more focused on long-term forecasting and rigid planning. The uncertainty of future economic conditions made it difficult for companies to rely on long-term forecasting and planning, hence the shift towards strategic management.

The Main Factor Causing the Transition from Corporate Planning to Strategic