THE IMPACT OF CORPORATE PLANNING ON ORGANIZATIONAL PERFORMANCE

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THE IMPACT OF CORPORATE PLANNING ON ORGANIZATIONAL PERFORMANCE

 

ABSTRACT
This research project “The Impact of Corporate Planning on Organizational Profit Performance” a case study of Okin Biscuit Nigerial Limited Kwara State. It contains introduction of the study, literature review, research methodology that deals with research design, research sampling and research instrument, data that analysis and interpretation of result that deal with testing of hypothesis and observation, conclusion and recommendation which deals with closure
and suggestion for further studies. This project work makes us to understand hoe corporate planning is effective in an organization.

CHAPTER ONE
INTRODUCTION
BACKGROUND OF THE STUDY
The management of an organization is the action of several people in designing and maintaining an environment in which individual working together in group to accomplish selected missions and objectives. Planning is a primary task of management which concerns the future and relies upon information from both external and internal sources to the organization for it to be successful.
The performance of an organization can be determined by the corporate planning embarked upon in any given managerial decision at a particular time. For management of such organization to achieve its aims and objectives some planning strategies need to be laid down and followed in order to enhance the smooth running and overall success of the business organization in question. It is pertinent to know that, for any business organization to record any meaningful achievement certain function need to be performed and reckon with within the society among these functions are planning, controlling, coordination, motivating and staffing.

PLANNING:- This is the establishment of objectives and the formulation, evaluation and selection of polices strategies, tacties and action required to achievement these objectives. Planning comprises of short term or operational planning and long term or strategic planning the letter can be regarded as corporate planning for it covers a long range period. It sets out the organizational objectives how to do it? How bill do it? And where to do it? All these are the
focus planning.
CONTROLLING:- Control is the process of compelling event to conform to a plan, therefore, controlling involves setting standards for the work to be performed, measuring performance against the set standard, taking corrective action where needed. All these are aimed at measuring the level of performance.
MOTIVATING: This means to energized or set in motion for effective performance. It is an activity which put the employees at the centre by meeting the social, physical and psychological needs of the work force as a way of achieving the overall objective of the organization.
STAFFING:- This comprises of effective recruitment, selection placement, appraisal and development of people to occupy the roles in the organization structure.  Hence, the performance of any given organization can be enhanced by the afore-mentioned managerial functions. More so, management of any given organization can be classified into these 3 categories they are:

 

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THE IMPACT OF CORPORATE PLANNING ON ORGANIZATIONAL PERFORMANCE

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