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Strategic Planning As A Tool For Achieving Organization Objectives
[A CASE STUDY OF UNITED BANK FOR AFRICA LAGOS]
CHAPTER ONE -- [Total Page(s) 2]
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CHAPTER ONE
1.0 GENERAL INTRODUCTION
It is worthy to note that the world and in particular, the business environment, as well as the educational sector and mangers in business and administration make full use of planning to make important decision.
The technique by which data is collected, organized, interpreted, and implemented, help the manager to day business to present difficulty that may implicate their decision and the organization goals and objectives.
The introduction and study of planning into the business world has immensely help in solving managerial problem in its decision making process. Decision making is most vital role to be performed by managers as a result, they make use of planning technique in the process.
The organizational nation and function such as forecasting, planning, organizing, motivating and controlling as the tools for effective satisfying customer needs. However, the definition of organization as a group of people bound together to provide unity of action, for the achievement of a predetermined objective. It can also be seen as a process mined objective. It an also be seen as a process of coordinating individual effort to accomplish a common objective. In recent years, the development of planning in the field of organization has brought about a substantial change in the organization thinking and practice. The learning of planning is almost always a wide investment, especially for those who are planning to make a carrier in the field of management. Moreover, in solving managerial problem such organization then relied on the effort of panning department in designing or plotting a graph to correct the past, present and future problems.
The techniques developed by managers to asset in meeting business challenges and possibly over coming them is called “statistic analysis†which enable the manager to always draw necessary conclusion wherever, he is accessible to many raw material organization data.
1.1 STATEMENT OF THE PROBLEM
Over the years events have shown that banking industry has experienced a lot of changes and challenges, which has to the present banking reforms and strategies to strengthen the Nigerian financial institution.
In the past the banking industry in Nigeria fell short of it’s financial obligations to the public. This was majority due to the poor forecasting, planning and organization by most of the banking management more so, the lack of effort of planning department in designing of plotting a graph to correct past future problems laid to the liquidation of some banks in the country.
Furthermore, the problem of managerial decision making and techniques by which manager of this organization undertake lacks of the validity to withstand a long terms solution. There by leading to calamities and uncertainties for the future.
1.2 OBJECTIVE OF THE STUDY
The aim issues as in this study centers on how planning helps in achieving the organization objective. The basic objectives of the study includes.
i. To identify the effect of planning as tools in achieving organized objectives.
ii. To Examine the mode and manners in which planning is being applied in United bank for Africa (UBA) plc and how effective they are using planning achieving and to increase their organization goals.
iii. To determine what consideration and organization bears in mind when designing tools in achieving its managerial decision.
iv. To determine what the planning that are available to the organization in order to obtain the greatest capacity of workers.
v. to identify and discuss the effect of planning techniques on corporate objective and also expose the rationale behind planning technique vis-Ã -vis corporate objective.
1.3 SIGNIFICANCE OF THE STUDY
The first significance of the research study is to examine and educate planning as a tool for achieving organization objective.
Also, to focus attention on the application of planning in managerial function. It also centers on the extent at which planning plays an important role in correcting the past, present and future problems of an organization through statistical tools.
Furthermore, attempt would also be made to find out major problem facing organization in term of manipulation of decision. Also the potential manger in an organization will be able to anticipate, prepare for planning in advance, with various aspect of planning tools for achieving its managerial objectives.
Also to contribute to the existing knowledge of man in the field of planning tools and organization and as well as take off ground for future researcher to make references.
CHAPTER ONE -- [Total Page(s) 2]
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