CHAPTER ONE

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.

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