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CORPORATE PLANNING AS
A TOOL FOR ACHIEVING ORGANIZATIONAL OBJECTIVES
PROPOSAL
This research work will be based on
corporate planning as a tool for achieving organizational objective. Corporate
planning is a long –term strategic planning which covers some periods of
years longer than one year and typically embraces 3,5,10 year or even longer
than that period. Ian organization, corporate plan coordinate the
affairs of the organization effectively
In the curse of doing this we bring
about the problems that will arise, the significance, objectives of the study
and the limitation and the scope of the study some pimple of the study
includes,
Ø
Flexibility of corporate planning which will aim at setting corporate
objective, clarify policies and stage that will provide the essential frame
work for realistic operational planning and budgeting.
Ø
It will also aim at the improvement of senior or top management to their goal
congruence.
Ø
It will aim at exposing weakness in the organizational information system and
to force improvement which will be made.
The next stage will
be chapter two which will deal with hierarchical nature of planning nature of
the study and some stage in corporate planning which will entail, considering
the best way to move from where organization will future.
This chapter will
also explain the importance of the study and the description of the
previous research study.
The next stage which
is chapter three will show how research will be design. Data will be collect
from both primary source of data collection and secondary
source of data collection. Primary source of data will include personal
interview and questionnaires, while secondary source of
already existing data, journals and text books.
Chapter four, will
deal with presentation, analysis will use to determine the population
that will use in conducting our research. The last chapter will include summary
of findings, conclusions and recommendation which also bibliography
will be included.
TABLE OF CONTENTS
CHAPTER
ONE
1.0
INTRODUCTION
11
BACKGROUND OF THE STUDY
12
STATEMENT OF THE PROBLEMS
13
PURPOSE OF THE STUDY
14
SIGNIFICANCEOF THE STUDY
15
RESEARCH QUESTIONS
16
RESEARCH HYPOTHESIS
17
SCOPE AND LIMITATIONS OF THE STUDY
18
DEFINITION OF TERMS
(a)
CHAPTER TWO
2.0
REVIEW OF RELATED LITERATURE
2.1
DESCIPTION OF PREVIOUS RESEARCH STUDY
2.2
NATURE OF THE STUDY
2.3
STAGE IN CORPORATE PLANNING
2.4
IMPORTANCE OF THE STUDY
2.5
CORPORATE PLANNING AND BUDGETING
2.6
COMPUTER IN CORPORATE PLANNING
2.7
ECONOMIC EFFECT IF CORPORATE PLANNING
2.8
CORPORATE PLANNING INVOLVE FINANCE
REFERENCES
(i) CHAPTER THREE
3.1
RESEARCH DESIGN
3.2
AREA OF STUDY
3.3
POPULATION OF THE STUDY
3.4
SAMLE AND SAMPLING TECHNIQUES
3.5
METHOD OF DATA COLLECTION
3.6
METHOD OF DATA ANALYSIS
(ii) CHAPTER FOUR
4.1 DATA PRESENTATION
4,2 DATA ANALYSIS
4.3
TESTING OF HYPOTHESIS
4.4
SUMMARY OF RESUKT
REFERENCES
1)
CHAPTER FIVE
5.1
SUMMARY OF FINDIGS
5.2
CONCLUSION
5.3
RECOMMENDATION
BIBLOGRAPHY
Chapter one
1.0
Introduction
11 Background of the study.
Long-term strategic planning is termed
corporate planning (c p) and when, it is applied to organizations as long-term
plan, it covers periods longer than one year and typically embraces 3,5,10 year
or even longer periods.
Moves organizations how been making use
of planning discharge of their objectives but, it seems as the short-term
or ordinary plan have been used. Under this it was investigated that this
short-term plan could on longer cover most of structured objectives of an
organizations, therefore, the introduction and application of corporate
(long-term)planning arrived.
In an organizations ,this is
implied so to coordinate the affairs of the organization effectively.
Therefore, it could be understand as the formulation, evaluation, and
selection of strategic which involves a review of the objectives of an
organizations so as to see the proper display of responsibilities. As most
corporate plan is time consuming, which involves comprehensive statement
of all the financial consequences and assumption, it is then necessary that
organizations employing (c p)should as well, make use of computer base models.
Also, the application of corporate planning in an dynamic and flexible.
This will enable, reviewing the plan
regularly in anticipation of unexpected events such as sudden
loss of large market or source of supply of raw-materials due to a coup or some
of technological break through.
Ø statement of problem
Corporate planning exist in
an organization so as to help satisfy the various wants of interest groups.
These include the investors., the analysis, the workers and decision makes. It
also, meant to satisfy the present and future objectives. But there are
some problems which set back the execution follow:
v poor forecast
of Relevant Environmental factor: If a firm fails to put real forecast
about important environmental factor, which will include (expected economic,
political, social, technological, competitive) and other factor which will
effect the organization over the time period of the plan, it will course the
organization not to rise to poor assumption about the environmental
factors.
v Lock of
corporate planning objectives:
Due to lack of
corporate objective or specific objectives necessary for corporate planning it
may not be easy to quantify even those factors which may be of qualitative in
nature. The objective of plan is the most important aspect of any planning
which sieves as guidance to execute the planning.
Ø
Lack of strategies:
An organization which
doesn’t have an agreed strategies which would help them achieve the objective
with time scales carry out their activities or fulfill their objectives within
the end of the agreed planning period.
Deride of Divisional/
Departmental plan:
Due to non-existence
of divisional plan, it will be very difficult for an organization to operate
prefecture, in discharge of the said plan and objective, this is because, the
existence of division and departments will support the strategies already set
out
Ø
Poor financial implication:
This is a crucial
section in corporate planning which if doesn’t have in the system,
it will paralyses the operations. In This, it include forecast financial
statistics.(Turnover, capital employed, net Assets employed , profit
percentage) etc. In addition, application of funds statement
Ø
Inadequate personnel Implication:
If a firm lacks
proper personnel structure, it will also make the operation of corporate
plan ineffective. Personnel implication helps to corporate department
plans and thereby enhancing the discharge of objectives effectively without
much complication.
Ø
Purpose of The study.
The aim and objective
of this study is to examine flexibility and dynamic ways of corporate planning
which enables an organization to review the discussed in respect of the study
so as to see the impact of the plan:
v Flexibility of corporate planning aim
to setting corporate objectives clarify policies and strategies that provide
the essential and fraise work for realistic operational planning and budgeting.
This objective will help the organization to carry out its plan
creditability.
v Dynamic and flexible of corporate
plan has its objective as to coordinate the differing aspect of the
organization and help to avoid sub-optimality.
v Having corporate planning as a
background, aims at avoiding undue concentration on short-term factors
and facilities, those policies which by their nature are long-term in
nature,(capital investment, acquisition and divestment) career planning
and organization restructuring .
Ø The aim of corporate planning is to
expose weakness in an organization information system and to force improvement
to be made.
v Also, it aims at the improvement of
senior or Top management to their goal congruence.
1.4
Significance of The study
This study is significant in various ways. it will draw attention to the
various organizational structures and relevant of corporate planning which
could be compatible in an organization. It will manifest in the area of mangers
and supervisors to be conscious of certain factors which may call for a style
of plan to be adopt in their organization. Further more, the study will
manifest also in an organizational structure and the choice of planning in the
management practice of Nigerian managers.
Meanwhile, the study is an added
discuss to related issues by some eminent scholars, some of whose
works are reviewed in the next chapter. It will also sieve as a reference
for potential researchers who
may be interested in the same or
related topic.
1.5
Research Question:
In order that
the purpose of this research should be guided, the following research question
has been asked
1 Is corporate planning needed in an
organization structure?
Ii Did managers need
corporate planning in discharge of their duties?
iii. Is there any problem that
arises from corporate planning?
Iv Does it means that without corporate
planning organization could not achieve their aim?
v. Did corporate planning an
organization lies on corporate planning
vii. Does it required stage
in corporate planning?
viii. Is there contribution of the
personnel in corporate planning?
ix. Should corporate planning be
flexible and dynamic?
x. Did corporate
planning requires financial implications ?
xi. Does it need to consider
environmental factors before implementing corporate plan?
xii. must corporate planning
requires or need computer applications?
xiii Is there any adverse effect
in application of corporate planning ?
xiv Do you agreed that
corporate planning involves shoot analysis?
xv. Did corporate planning
relate to budgeting?
1.6
Research Hypothesis.
1.
Ho: Fifty percentages of managers do not operate on corporate planning.
Hi. Fifty
percentages of managers operates on corporate planning.
2. Ho: corporate planning is not needed in
an organization.
Hi: corporate planning is not needed in an
organization.
3 Ho: corporate planning has an objective.
Hi: corporate planning has objective.
4 Ho: Environmental factor is not considered in
corporate planning
Hi:: Environmental factor is considered in corporate Planning
5. Ho: There is an adverse effect in
application of corporate planning.
Hi: There is an adverse effect in application of
corporate planning.
6. Ho: corporate planning
did not involve financial implication.
Hi:: corporate planning involve financial
implications.
1.7
Scope And Limitations of study
Scope of The study.,
Given the
geographical area of the study, it is worthy of, that Enugu State Women
Development center, operates on the implementation of corporate planning which
could also found in other big organizations in Nigeria.
The study therefore,
concentrates on what is available and relevant to the topic. To this end,
emphasis was laid on the exposure of nature and implementation of corporate
planning.
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