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Strategic Planning And Organizational Productivity
[NIGERIAN BOTTLING COMPANY PLC NGWO NINETH MILE ENUGU] -
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CHAPTER FIVE – SUMMARY OF FINDINGS, CONCLUSION
AND RECOMMENDATION
5.1 INTRODUCTION
This chapter summarizes the findings from the study, draws conclusion therein and makes some recommendations.
5.2 SUMMARY OF FINDINGS
Based on the research investigation through the data collected from the questionnaires, the following findings were observed:
I. The introduction of strategic planning that is long range planning is highly necessary in organization. Table 4.4 supported this view. It a lso conforms to existing literature according to Onwuch ekwa (2000). Onwuchekwa (2000:84 ) asserted that strategic planning provides organizations, a sense of direction and deals with the basic problem of identifying the real business of the organization.
II. Strategic plans are not communicated to all staff of the organization.
Table 4.5 validates this view while J ackson (2000:200) aligning with the respondents’ view, opined that effective communication between management and employees is a vital tool for effective strategic plans.
III. Strategic planning e nhances productivity in organization as shown in table 4.6. This view is in agreement with existing literature Ro bison (2003:204) which states that strategic planning, if implemented properly, increases organizati on’s effectiveness and productivity. Moreover it conforms to Hellriegel (2000:219) view which states that strategic plans improve effectiveness, profit and productivity.
IV. Appropriate technologies guarantee the implementation of strategic planning. This view was made valid based on the respons es of the respondents’ shown in table 4.7 and the existing literatures by Lee (2001) and Kazmi (2008) collaborated to the view. Lee (2001:750) states that with the rapid pace of technological change, the identification a nd acquisition of necessary technology is highly necessary to achieve increase productivity in the organization.
V. Effective use of manpower results in sound strategic planning process in the organization. Table 4.10 supports this view and the finding confor ms to existing literatures Gibson (2004) and Foster (2001). According to Foster (2001:151 ), human resources commitment towards strategic planning makes strategic plans to be highly successful. Gibson (2004:30) also states that participative approach betwee n management and employees in strategic planning process make s strategic plans to be sound.
5.3 CONCLUSION
This work has tried to describe strategic planning as essential for organization’s productivity in this era of technological sophistication and dy namic business environment.
Since business organizations operate in dynamic environments occasioned by external sources and because of swift competition therein, only organizations that are capable of adopting the systematic strategic planning process through the effective use of manpower and the right choice of appropriate technologies for strategic planning implementation can hope to survive and enhance organizational productivity.
5.4 RECOMMENDATION
Based on the findings, some recommendations are hereby presented:
I. The management of Nigerian Bottling Company Plc, should constantly scan through the environment and evolve a systematic strategic plans process that would checkmate the effects of business environment. This would help to reduce the adver se effects of environmental changes thereby enhancing organizational productivity.
II. The management should make effort to intensify interactive communication about the strategic plans. This will give the employees a sense of belonging and put them in a position to appreciate the necessity of strategic planning in the organization.
III. . The management of Nigeria Bottling Company Plc, should equip the organization with appropriate technologies for strategic planning implementation. This will correspond to a ttainment of organizational productivity that the strategic planning process was intended for.
IV. The management should endevour to involve experts / professionals that are within the organization in the strategic planning development. If the experts/professionals are assigned to the area of their specialization, the strategic plans will be more effective, thus very sound.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTPoor productivity is a global problem that besets organizations. As a result, the research was set out to ascertain the effects of strategic planning through the effective use of manpower in the strategic planning development and the right choice of technology for strategic planning implementation on organizational productivity. To solve the problem of the study, three hypotheses were formulated. The statistical tools applied for testing the hypotheses are mean, standard deviation and T ... Continue reading---
APPENDIX A - [ Total Page(s): 1 ]APPENDIX A SAMPLE OF INTRODUCTORY LETTER Department of Business Administration, Faculty of Management Scienc ... Continue reading---
TABLE OF CONTENTS - [ Total Page(s): 1 ]TABLE OF CONTENTTitle page Approval page Certification Dedication Acknowledgment Abstract Table of ContentCHAPTER ONE: INTRODUCTION 1.1 Background of the Study1.2 Theoretical Framework1.3 Statement of the Problem 1.4 Objectives of the Study 1.5 Research Questions1.6 Research Hyp otheses 1.7 Significance of the Study 1.8 Scope of the Study 1.9 Limitation of the StudyCHAPTER TWO: LITERATURE REVIEW2.1 ... Continue reading---
CHAPTER ONE - [ Total Page(s): 2 ]CHAPTER ONE : INTRODUCTION1.1 BACKGROUND OF THE STUDYStrategies and Strategic planning in the context of business organization refer to major programmes used by organizations to achieve their missions and goals.Strategic planning is a systematic process which influences the choice of the long term goals that define the corporate strategy of every firms. The corporate strategy, if adequately implemented, through projects, policies and budgets, helps to determine whether an enterprise ... Continue reading---
CHAPTER TWO - [ Total Page(s): 5 ]CHAPTER TWO: LITERATURE REVIEW2.1 INTRODUCTIONThis chapter covers strategic management conceptualized, the concept of planning and strategic planning, levels of strategy, models of business level strategy, strategic planning process, modes of strategy formulation in organizations, strategy implementation impediments and historical background of the Nigerian Bottling Company Plc.2.2 STRATEGIC MANAGEMENT CONCEPTUALIZEDKevair (2009:1) defines strategic management as the art and sciences ... Continue reading---
CHAPTER THREE - [ Total Page(s): 1 ]CHAPTER THREE – RESEARCH DESIGN AND METHOD OLOGY3.1 INTRODUCTIONResearch design, which entails the acquisition and analysis of necessary data through the application of approved standard techniques, contains in details, the methods and procedures employed.The type of research design used was sur vey. The survey research design does not require laboratory experimentation.The design served as a plan, which helped the researcher to conduct an in-depth and thorough study.3.2 ... Continue reading---
CHAPTER FOUR - [ Total Page(s): 6 ]Table 4.6 shows that 80 (62% ) of the respondents strongly agreed that strategic planning enhances productivity in their organization while 24 ( 18.6% ) of the respondents agreed. Only 10 (7.8% ) and 10 (7.8% ) of the respondents belonged to the undecided and disagreed category respectively while 5 (3.9% ) of the respondents strongly disagreed.Table 4.7 shows that 60 (46.5% ) of the respondents stron gly agreed that appropriate technologies d oes guarantee the implementation of strategic plannin ... Continue reading---
REFRENCES - [ Total Page(s): 1 ] REFERENCES Alkhafaji, A. F. (2004). Strategic management, formulation , implementation and control in a dynamic environment . Binghamton (NY): Haworth Press Inc. Drejer A. (2002). Strategic management and core competencies, theory and application . Westport (CT): Quorum Books. Dwivedi, R.S. (1980). Manpower management . New Delhi: Prentice Hall of India. Ewurum , U. and Unamk a, P. (1995). Busin ... Continue reading---
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTPoor productivity is a global problem that besets organizations. As a result, the research was set out to ascertain the effects of strategic planning through the effective use of manpower in the strategic planning development and the right choice of technology for strategic planning implementation on organizational productivity. To solve the problem of the study, three hypotheses were formulated. The statistical tools applied for testing the hypotheses are mean, standard deviation and T ... Continue reading---
CHAPTER FIVE -- [Total Page(s) 1]
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CHAPTER FIVE -- [Total Page(s) 1]
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