EFFECT OF STRATEGIC PLANNING ON ORGANIZATIONAL DEVELOPMENT (CASE STUDY OF FIRST BANK PLC, OZORO DELTA STATE)
1.1 BACKGROUND OF THE STUDY
Over the years, organization have witnessed a lot of turbulence due to the lack of a properly designed star that could lead to attaining effective forced of the organizational world due to this relent phenomenon. For planning to be effective, executives must carefully establish and outline the future sources of actions of the from. In order to remain in the organization sconce companies, especially large firms have become confirmed to formal planning activities during the most recent decades. They thus adopt the various kinds of planning 0.2 strategic operational etc as suitable for their activities.
Strategic planning activities are longer in nature and it involves top level executives to be properly drawn. This planning has proved to be more global in its effect at gaudily the overall organization goals even through they are carried out at different department and units of the organization. During the 1950s/1980s, all these activates were referee to as long range planning of a strategic nature has been referred to as strategic planning. Today, the term strategic management has been in use planning therefore it involves all levels of an organizational management. Strategic planning requires the involvement of all member of the organization in the planning process. This creates first have awareness of the planned or set out target or the organization in the mind of all those involved.
1.2 STATEMENT OF THE PROBLEM
In our world today, the growth of organization have been trampled upon by the lack of strategic planning and in some cases, due to ill conceived plans. As a result, they are usable to operate effectively. Basically the problem is that most organization are not aware of the humongous positive effect strategic planning can have on the growth of their organizations and even when some are aware, they do not fully understand the particular type and process of planning to adopt that mil best suit the operations. The constraint have made it impossible for organizations and business ventures to grab hold of further opportunities presenting themselves in the course of their organizational activities. A lot of organizations do not have the ability to project reasonably and pre-determine their future courses of dentine, because they lack formal education, enlightenment and training on the level of utility an organization can drive from the ability to set reasonable targets and to meet them. Thus, they are being able to enhance the development and proper operation of their organizations.
This research will therefore attempt to ascertain to what extent the lack of strategic planning hinders the efficient operations of organization are starts their growth, target and expansion. When this has been identified, the research work will further remedial situations to this or deal confronting organization around the country.
1.3 SIGNIFICANCE OF THE STUDY
It is hoped that this study will be of high value of the owners and managers of organization. The research believers that this study will provide result for improving the quality of performance in organization in first bank plc, in particular and in the country as a whole. It could also serve as a reference for further study on similar problems. Also, it is hoped that the study will assist the since planning cut across all spheres of human’s activities, including those of private individual and corporate bodies that makes up the society. It is believed that this i.e search work will be of importance is one form or the other to anyone under whose eyes it passes.
1.4 RESEARCH HYPOTHESES
The following research hypothesis will serve as a guide to which the study will lake.
1. Strategic planning has effect on organizational performance.
2. Strategic planning has effect on productivity.
3. Strategic planning makes work to be effective.
4. Strategic planning is a basis for proper planning.
5. Strategic planning has effect on organizational development.
1.5 OBJECTIVE OF THE STUDY
This study is posed to examine the need for Strategic planning in organization. The following related points can be considered;
1. To determine whether Strategic planning has effect on organizational performance.
2. To determine whether Strategic planning has effect on productivity.
3. To determine know how Strategic planning makes work to be effective.
4. To determine whether Strategic planning is a basis for proper planning.
5. To determine whether Strategic planning has effect on organizational development.
1.6 DELIMITATION OF THE STUDY
The research work covers all necessary areas related to Strategic planning in an organization. It includes the need and effectiveness of Strategic planning in any organization. The effect of Strategic planning on any organization is a very mile subject matter of study looked at from the briskest sense of reasoning in light of this fact, the scope of this study has been restricted to organizations and with a more concentrated emphasis on first bank plc, ozoro. This restriction result from the unique problems that have been facing organization in recent times, which includes, political instability, lack of formal planning and decline in training and education of workers in the organization on the need to work towards a drawn out plan.
1.7 LIMITATION OF THE STUDY
This study is subject to certain limitations, which is one way or the other affected the researchers work. Some of these limitations are highlighted here under.
1. Absence of relevant information on the subject matter as much as required.
2. The non-challant attitude of some organization managed when approached for relevant information.
3. Short-time period for the researcher to carry out his research work for a detailed and broad analysis.